Accurate device parameters play critical roles in calculation and analysis of power distribution network (PDN). However, device parameters are always affected by the operating status and influenced by manual entry; besides, the distribution area of PDN is very wide with many points, which brings more challenges to PDN parameter identification. Most of the proposed algorithms recently assume that the parameters of PDN contribute in a nonlinear probability space and optimize parameters by the power flow model with a loss function. Although these algorithms can achieve satisfying results in PDN analysis, the relationship between the power flow model and loss functions remains unclear. In this paper, the outputs of the power flow model have been analyzed firstly by experimental data, which includes the head and end voltages, as well as active and reactive power on the low-voltage side. It is revealed that the loss functions used by current algorithms are not suitable and reasonable for power flow model in PDN calculation, which constitutes one of the main findings of this work. Subsequently, this work proposes four novel loss functions combined with genetic algorithm (GA) and Markov Chain Monte Carlo (MCMC) to identify PDN parameters. Compared with the published algorithms, our experimental results show that the loss function defined in this paper can achieve better and more stable performance with about two times lower in MAE, RMSE, and RMPE evaluation functions to identify PDN parameters.