Question: Please Identify and Evaluate all policy options using Enumeration. Thank you. could you try and solve it to the best of your ability? what info

Please Identify and Evaluate all policy options using Enumeration. Thank you.
could you try and solve it to the best of your ability?
what info do you need?
Western New York's COVID 19 daily infections are classified as five states: (0) Almost None, (1) Low, (2) Medium, (3) High, (4) Extremely High. Local health officials say the public health cost of being in these states are $0, $200, $500, $1000, $10,000 respectively. On a daily basis, Western New York will determine how much of economy will be open, and there are three options of opening up the economy: (k=1) essential business only. (k=2) essential and priority business. (k=3) all business. Local officials say that economic costs of these economy cases are $3,000, $1,000, and $0 respectively. Governor has regulated that when the region's infections are "Extremely High", only essential business can be operated. Also, when infections are "Almost none", all business should be open. When the infection is in "Low" state, regions can decide whether to open completely or to open only essential and priority business. When the infection number is "Medium", regions are required to open for essential and priority business. When it is in "High" state, regions can decide whether to allow essential business only or to allow essential and priority business. Transition probabilities, Pij (k) given an economy decision (k), are given as below. Identify and Evaluate all policy options using Enumeration. P,(3) 0 1 2 3 3 4 P, (1) 0 1 3 3 N 4 0 0.7 0.3 0 0 0 4 0 0 0 0.6 0.4 P2,(2) 0 1 2 3 4 0 .5 0 .5 0 N P (2 0 1 2 3 4 0 1 2 3 4 1 0.2 .5 3 0 0 1 0.1 .5 4 0 0 P3,(1) 1 2 3 4 P, (2) 0 1 2 3 4 3 0 0 .56 2 .24 3 0 0 .32 .2 48 Western New York's COVID 19 daily infections are classified as five states: (0) Almost None, (1) Low, (2) Medium, (3) High, (4) Extremely High. Local health officials say the public health cost of being in these states are $0, $200, $500, $1000, $10,000 respectively. On a daily basis, Western New York will determine how much of economy will be open, and there are three options of opening up the economy: (k=1) essential business only. (k=2) essential and priority business. (k=3) all business. Local officials say that economic costs of these economy cases are $3,000, $1,000, and $0 respectively. Governor has regulated that when the region's infections are "Extremely High", only essential business can be operated. Also, when infections are "Almost none", all business should be open. When the infection is in "Low" state, regions can decide whether to open completely or to open only essential and priority business. When the infection number is "Medium", regions are required to open for essential and priority business. When it is in "High" state, regions can decide whether to allow essential business only or to allow essential and priority business. Transition probabilities, Pij (k) given an economy decision (k), are given as below. Identify and Evaluate all policy options using Enumeration. P,(3) 0 1 2 3 3 4 P, (1) 0 1 3 3 N 4 0 0.7 0.3 0 0 0 4 0 0 0 0.6 0.4 P2,(2) 0 1 2 3 4 0 .5 0 .5 0 N P (2 0 1 2 3 4 0 1 2 3 4 1 0.2 .5 3 0 0 1 0.1 .5 4 0 0 P3,(1) 1 2 3 4 P, (2) 0 1 2 3 4 3 0 0 .56 2 .24 3 0 0 .32 .2 48Step by Step Solution
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