Coordinated Placement and Setting of FACTS in Electrical Network based on Kalai-smorodinsky Bargaining Solution and Voltage Deviation Index

Abstract

To aid the decision maker, the optimal placement of FACTS in the electrical network is performed through very specific criteria. In this paper, a useful approach is followed; it is based particularly on the use of Kalai-Smorodinsky bargaining solution for choosing the best compromise between the different objectives commonly posed to the network manager such as the cost of production, total transmission losses (Tloss), and voltage stability index (Lindex). In the case of many possible solutions, Voltage Profile Quality is added to select the best one. This approach has offered a balanced solution and has proven its effectiveness in finding the best placement and setting of two types of FACTS namely Static Var Compensator (SVC) and Thyristor Controlled Series Compensator (TCSC) in the power system. The test case under investigation is IEEE-14 bus system which has been simulated in MATLAB Environment.