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==Load flow calculation==
The load-flow calculation<ref>{{Cite book|last=J. Arockiya|first=Xavier Prabhu |title=2016 IEEE 6th International Conference on Power Systems (ICPS) |chapter=Design of electrical system based on load flow analysis using ETAP for IEC projects |year=2016
Using network topology, transmission line parameters, transformer parameters, generator ___location and limits, and load ___location and compensation, the load-flow calculation can provide voltage magnitudes and angles for all nodes and loading of network components, such as cables and transformers. With this information, compliance to operating limitations such as those stipulated by voltage ranges and maximum loads, can be examined. This is, for example, important for determining the transmission capacity of underground cables, where the influence of cable bundling on the load capability of each cable has to be taken also into account.
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The objective function in OPF can take on different forms relating to active or reactive power quantities that we wish to either minimise or maximise. For example we may wish to minimise transmission losses or minimise real power generation costs on a power network.
Other power flow solution methods like stochastic optimization incorporate the uncertainty found in modeling power systems by using the probability distributions of certain variables whose exact values are not known. When uncertainties in the constraints are present, such as for dynamic line ratings, chance constrained optimization can be used where the probability of violating a constraint is limited to a certain value.<ref>{{cite journal | last1=Giraldo
==Models of competitive behavior==
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== Study specifications ==
A well-defined power systems study requirement is critical to the success of any project as it will reduce the challenge of selecting the qualified service provider and the right analysis software. The system study specification describes the project scope, analysis types, and the required deliverable. The study specification<ref>{{Cite web | title=Error | url=https://etap.com/docs/default-source/power-systems-study-specification/power_systems_study_specifications.pdf
== Power system simulation software ==
Over the years, there have been several power system simulation software used for various analysis. The first software with a graphical user interface was built by the University of Manchester in 1974 and was called IPSA<ref>{{Cite web | title=IPSA {{!}} Interactive Power System Analysis Software | url=https://www.ipsa-power.com/
[[General Electric]]'s MAPS (Multi-Area Production Simulation) is a production simulation model used by various [[Regional transmission organization (North America)|Regional Transmission Organizations]] and [[Independent System Operator]]s in the United States to plan for the economic impact of proposed electric transmission and generation facilities in FERC-regulated electric wholesale markets.<ref>{{cite web|title=GE Multi-Area Production Simulation|url=https://www.geenergyconsulting.com/practice-area/software-products/maps|work=www.geenergyconsulting.com|access-date=November 26, 2018}}</ref><ref>{{cite web|title=GE Multi-Area Reliability Simulation|url=https://www.geenergyconsulting.com/practice-area/software-products/mars|work=www.geenergyconsulting.com|access-date=November 26, 2018}}</ref><ref>{{cite web|title=GE Power System Load Flow Simulation|url=https://www.geenergyconsulting.com/practice-area/software-products/pslf|work=www.geenergyconsulting.com|access-date=November 26, 2018}}</ref><ref>{{cite web|title=NYSRC 2018 IRM Study Report|url=http://www.nysrc.org/pdf/Reports/2018%20IRM%20Study%20Report%20Final%2012-8-17%5B2098%5D.pdf|archive-url=https://web.archive.org/web/20201128125859/http://www.nysrc.org/pdf/Reports/2018%20IRM%20Study%20Report%20Final%2012-8-17%5B2098%5D.pdf|url-status=dead|archive-date=November 28, 2020|page=2|work=www.nysrc.org|date=December 8, 2017|access-date=November 26, 2018}}</ref><ref>{{cite web|title=NYISO Notice to Stakeholders of Request for MAPS data|url=https://www.nyiso.com/public/webdocs/markets_operations/documents/Legal_and_Regulatory/Notices/MP_Notices/Notice%20to%20Generators%20re%20GE%20MAPS%20database%20input%20files%20for%20CARIS%202%20-%209-9-14.pdf|work=www.nyiso.com|date=August 2000|access-date=November 26, 2018}}</ref>
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