I. Introduction
With the growth of renewable energy resource integration, system load uncertainties, volatile weather conditions, and so forth, electric utilities are faced with an increasingly complex and uncertain operating environment. Utilities are in need of a series of cost-effective technologies which allow them to operate power systems more economically and reliably. In the past, such technologies are usually considered as too difficult to be implemented. However, with the development of smart grid technologies, they are becoming more and more practical nowadays. Several of these technologies are being actively investigated such as optimal transmission switching (OTS) [1], dynamic thermal rating (DTR) [2], network topology optimization (NTO) [3], and so forth.