[en] Reactive power management is essential to transfer real energy and support power system security. Developing an accurate and feasible method for reactive power pricing is important in the electricity market. In conventional optimal power flow models the production cost of reactive power was ignored. In this paper, the production cost of reactive power and investment cost of capacitor banks were included into the objective function of the OPF problem. Then, using ant colony search algorithm, the optimal problem was solved. Marginal price theory was used for calculation of the cost of active and reactive power at each bus in competitive electric markets. Application of the proposed method on IEEE 14-bus system confirms its validity and effectiveness. Results from several case studies show clearly the effects of various factors on reactive power price. (author)

[en] Highlights: • This paper proposes a new method to optimize a Switched Reluctance Motor (SRM). • A combination of SOA and GA with Finite Element Method (FEM) analysis is employed to solve the SRM design optimization. • The results show that optimized SRM obtains higher average torque and higher efficiency. - Abstract: In this paper, performance optimization of Switched Reluctance Motor (SRM) was determined using Seeker Optimization Algorithm (SOA). The most efficient aim of the algorithm was found for maximum torque value at a minimum mass of the entire construction, following changing the geometric parameters. The optimization process was carried out using a combination of Seeker Optimization Algorithm and Finite Element Method (FEM). Fitness value was calculated by FEM analysis using COMSOL3.4, and the SOA was realized by MATLAB. The proposed method has been applied for a case study and it has been also compared with Genetic Algorithm (GA). The results show that the optimized motor using SOA had higher torque value and efficiency with lower mass and torque ripple, exhibiting the validity of this methodology for SRM design