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Abstract
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In this paper, a new optimization algorithm called world cup optimization is proposed to achieve the
optimal allocation of FACTS devices for maximizing the total transfer capability of power transactions between
source and sink areas in a power system. World cup optimization algorithm in this study searches for the location
and the size of FACTS. Multi-objective OPF with considering penalty function will be performed to solve and handle
different inequality constraints. For analyzing the performance of the proposed method, it has been applied on
IEEE 14 bus system. Final simulations show that the world cup optimization based method gives good results
which may be used for online total transfer capability calculation and even the optimized method could enhance the
transfer capability calculation value far more than OPF without FACTS devices.
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