This book describes state-of-the-art optimization techniques used to solve problems with adaptive, dynamic, and stochastic features. It presents modern advances in static and dynamic optimization, decision analysis, intelligent systems, evolutionary programming, heuristic optimization, stochastic and adaptive dynamic programming, and adaptive critics. It evaluates optimization methods for handling operational planning, Voltage/VAr, control coordination, vulnerability, reliability, resilience, and reconfiguration issues, providing mathematical formulations, algorithms for implementation, examples, and case studies. It also discusses the limitations of current optimization techniques in meeting the challenges of smart electric grids.