The use of capacitor banks in distribution system has many outstanding usages include improving the power factor of a system, voltage profile, and reliability besides the reducing of the power flow losses of the component's reactive due to the compensation. These benefits depend greatly on how capacitors are placed in the distribution system. Hence, in order to achieve the high reliable construction, switching capacitor has been placed to improve the main challenges of the network designing (reliability and reduce power loss) in the radial distribution system. As regards, the importance of the reliability and power losses are ignored in the distribution networks; the aim of this paper is primarily to establish an objective function for the parallel optimization of these aforementioned parameters. In the simulation process, ten parameters have been compared, which are: System Average Interruption Frequent Index (SAIFI) and its cost, System Average Interruption Duration Index (SAIDI) and its cost, power loss and its cost, the installed capacity and it's cost and values of two objective functions. Honey-bee mating optimization (HBMO) algorithm has been used to solve this problem. Then, the developed technique has been used on the IEEE standard distribution network as a problem-solving system.