The most critical strategy to keep the electrical grid from collapsing is load shedding. However, by itself, this approach is unable to achieve system stabilization, as well as frequency and voltage have an impact on the network's stability as well. Traditional load-shedding designs do not take into account the various load models and the declining economic cost associated with load disconnecting. When calculating load flow, multiple load models like constant power (C.P), constant current (C.I), constant impedance (C.Z), and combined load (ZIP) may be involved, but all loads are typically described as constant electrical power (C.P). In this article, the idea of a dual approach to load shedding and capacitor placement is adopted to maximize the amount of power loss reduction in the distribution network, taking into account different load models and determining the best one that leads to the least losses, the best voltage profile, and the lowest cost. To minimize load shedding for the network and choose the optimal capacitor size and location, the Teaching Learning Based Optimization (TLBO) algorithm. The outcomes showed that using the ZIP scenario is the superior model for all scenarios in terms of reducing active power losses by about 66.018% and lowering the percentage of load shedding to 19.5195%.