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Financial Risk Early-Warning Model Based on Kernel Principal Component Analysis in Public Hospitals

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  • Manxiang Qu
  • Yuexin Li

Abstract

Public hospitals are facing the dual pressure of coping with external medical market competition and performing public health duties. Due to the influence of various risk factors, public hospitals are facing increasing financial risks. How to effectively prevent and control financial risks and maintain the normal operation and sustainable development of the hospital is a very important topic that needs to be studied in the development of public hospitals. Because the traditional principal component analysis method only pays attention to the global structural features and ignores the local structural features, a financial risk early-warning model based on improved kernel principal component analysis in public hospitals is proposed to improve the ability of risk assessment. The core ideas of the method in this paper for financial risk forecasting are as follows: the nonlinear features of the financial data are firstly extracted under different conditions, and then the feature matrix and the optimal feature vector are calculated to construct the distance statistics so as to determines the threshold by kernel density estimation; finally the Fisher discriminant analysis is used for similarity measurement to identify the risk types. Through experiments on the financial data of a number of public hospitals and listed companies, the experimental results verify the feasibility and effectiveness of the method used in this paper for financial risk analysis. This further shows that this research has a certain display significance.

Suggested Citation

  • Manxiang Qu & Yuexin Li, 2021. "Financial Risk Early-Warning Model Based on Kernel Principal Component Analysis in Public Hospitals," Mathematical Problems in Engineering, Hindawi, vol. 2021, pages 1-7, March.
    • Handle: RePEc:hin:jnlmpe:5525354
    DOI: 10.1155/2021/5525354
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    References listed on IDEAS

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