Accurate identification of mechanical excitation forces is of great significance for the control of ship radiated noise and structural design. Currently, the identification of excitation forces mostly relies on indirect calculations, which suffer from ill-conditioned problems. Regularization correction is one of the main means to solve this problem. Although regularization methods have been widely developed, their application in the field of ships is relatively rare. Currently, the commonly used methods are truncation singular values and Givonov regularization methods. This paper starts from the practical application of ships and addresses the problem of poor correction effect of traditional regularization methods. Two optimized regularization methods, quasi-optimal discriminant criterion and B-spline interpolation function method, are proposed. These methods are verified through simulations and experiments. The results of the scaled model experiments show that compared with using the L-curve alone, the Q-O method reduces the regularization error by 29%, while the BL curve improves the robustness by 38% under a 15 dB noise condition.