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Utilizing Distributed Generators (DGs) and Energy Storage Systems (ESSs) enhances power system reliability, drawing significant research attention. However, these systems pose challenges, compelling scientists to explore optimization methods. Our paper presents an innovative solution, Parallel Multi-Objective Multi-Verse Optimization (PMOMVO), aimed at optimizing DGs and Battery Energy Storage Systems (BESSs) allocation. This optimization addresses voltage violations and operation costs, crucial concerns for system operators and consumers. By leveraging a parallel approach, PMOMVO significantly accelerates the optimization process. We compared its results with a base case scenario, demonstrating the superior efficiency of our parallel method. It not only enhances the optimization performance but also proves its efficacy by generating optimal solutions from the Pareto front set. This research showcases the benefits of PMOMVO, offering a faster, more efficient, and reliable way to optimize power systems, benefiting both operators and consumers. • Introduces a novel bi-level optimization approach for DG and BESS allocation and operation. • Proposing a multi-objective formulation to identify Pareto optimal solutions, offering a balance between voltage stability and cost-effectiveness. • Optimizes asset operation strategies, considering both peak and off-peak load times, enhancing resource utilization. • Proposes a parallel processing method based on modified MOMVO, significantly accelerating computations for large distribution systems problems. • Achieves a substantial improvement in the speed-up index, ensuring swift and effective DG and BESS allocation and operation in complex systems. [ABSTRACT FROM AUTHOR]

Centralized optimization methods have been widely used to manage the operation of distribution systems. However, these methods have some restrictions, such as the high computational cost, the reliance on a centralized computer system, and the lack of data privacy. To overcome these limitations, decentralized optimization methods have been proposed in recent years. Decentralized methods divide the control variables of the centralized optimization problem over several controllers, and each controller solves its own subproblem independently. This paper presents a multi-objective optimization framework for managing the operation of distribution systems. The primary objective of the proposed method is to optimize the tap positions of voltage regulators and charging and discharging powers for energy storage devices locally through a decentralized coordination process. The used objective functions take into account the voltage profile within the network, the lifetime of the devices, and the energy losses in the systems. Two decentralized methods, based on the Advanced Arithmetic Optimizer algorithm and the Profile Steering approach, are proposed to address the limitations of centralized optimization methods. The decentralized methods aim to improve the reliability and efficiency of the optimization process, while also minimizing communication and computational costs. The proposed methods are evaluated and compared to a centralized approach using the IEEE 33 and 69 bus systems. The results demonstrate that the proposed decentralized methods can effectively resolve voltage problems, minimize energy losses, and find high-quality solutions with improved computational efficiency compared to the centralized approach. • New objective function for voltage violations and asset lifetime maximization. • New objective function for minimizing energy losses and maximizing asset lifetime. • Investigation of decentralized methods for ESD operation with VRs to eliminate voltage deviations. • Investigating decentralized vs. centralized approach for optimizing objective function. • Development of AAO algorithm for MINLP with improved convergence and better solutions. [ABSTRACT FROM AUTHOR]

The use of energy storage systems (ESS) and distributed generators (DGs) to improve reliability is one of the solutions that has received much attention from researchers today. In this study, we utilize a multi-objective optimization method for optimal planning of distributed generators in electric distribution networks from the perspective of multi-objective optimization. The objective is to improve the reliability of the network while reducing the annual cost and network losses. A modified version of the multi-objective sine–cosine algorithm is used to determine the optimal size, location, and type of DGs and the optimal capacity, location, and operation strategy of the ESS. Three case studies of IEEE 33-bus, 69-bus and 141-bus test systems with Turkish DG and load data were conducted to validate the effectiveness of the proposed approach. The distribution of the Pareto front solutions and the optimal objective functions are compared with the other known algorithms. The simulation results show that the average energy not supplied and annual energy losses for the test systems are reduced by up to 68% and 64%, respectively. Moreover, the Pareto fronts of the proposed method show a better distribution and dominate those obtained by MOGWO, MOSMA, NSGA-II, MOPSO and MOEA-D according to three different Pareto optimization metrics. Finally, the computational effort result shows faster convergence of MOSCA compared to MOGWO, MOSMA, NSGA-II, MOPSO and MOEAD. • Optimal DER planning and ESS management in EDNs using a three-dimensional multiobjective optimization framework • DN Reliability improvement together with power losses and annual cost minimization. • 72 h optimization period to account the seasonal characteristics of the load and the DGs. • Real load curve and wind and solar radiation data of Turkish territory. • Multi objective sine–cosine algorithm providing better Pareto fronts according to two performance indices. [ABSTRACT FROM AUTHOR]