Research on Evaluation Models and Empirical Analysis of Earthquake Disaster Losses in China

Earthquake disasters occurred very frequently in China. As a result, to evaluate the losses has important social value and economic effect. This paper focuses on the assessment of economic losses of earthquake disasters which is divided into two parts: direct economic loss and indirect economic loss. First, the Kolmogorov–Smirnov (KS) test is used to determine the distribution of the earthquake losses per year in China, fitting the frequency of earthquake that happened per month in China. Second, the grey clustering method and principal component analysis (PCA) are applied, respectively, for direct economic loss rating and indirect economic loss rating. Finally, the economic loss generated by the earthquakes which happened from 2006 to 2009 in China is evaluated, and eight earthquakes are rated based on the comprehensive economic loss.