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This paper introduces a theoretical framework for the analysis and control of the stochastic susceptible-infected-removed (SIR) spreading process over a network of heterogeneous agents. In our analysis, we analyze the exact networked Markov process describing the SIR model, without resorting to mean-field approximations, and introduce a convex optimization framework to find an efficient allocation of resources to contain the expected number of accumulated infections over time. Numerical simulations are presented to illustrate the effectiveness of the obtained results.

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