“…More specifically, due to the availability of pricing information, the objective function of capacitor placement is often defined as the power loss reduction [1]- [12] and capacitor purchase cost minimization [1]- [6], [8], [9], [11]. Additionally, other typical objectives, such as capacitor installation cost [1], [2], [4], [7], [8], [10]- [12], saving from system capacity release [5]- [7], [12], capacitor operation and maintenance cost [11], [12] have also been utilized in the previous studies. For the capacitor placement problem many solution techniques have been proposed and they can be generally divided into three categories: analytical, numerical programming, heuristics and a comprehensive survey can be found in [9] and [13].…”