It is our pleasure and honour to welcome you to the 14th International Conference on OPTIMIZATION OF ELECTRICAL AND ELECTRONIC EQUIPMENT, sponsored and organised by Transilvania University of Brasov, Romania, between 22nd - 24th of May 2014. As previous editions, the OPTIM Conference is co-organized by University Politehnica of Timisoara and Technical University of Cluj-Napoca and it is technically co-sponsored by the Institute of Electrical and Electronics Engineers (IEEE) through three of its societies: Industrial Electronics (IES), Industrial Applications (IAS) and Power Electronics (PELS), along with the Institution of Engineering and Technology (IET). OPTIM is organized every two years in the same mountain region of Transylvania, Romania - a multiethnic region with strong medieval architecture treasures - by three major Romanian Universities totalling more than 40,000 engineering students. Past editions were attended by world calibre personalities, as keynote address speakers and/or Honorary Chairmen, such as: Prof. Thomas Lipo (USA), Prof. Joachim Holtz (Germany), Prof. Dietrich Naunin (Germany), Prof. Dierk Schröder (Germany), Prof. Robert Lorenz (USA), Prof. Michel Poloujadoff (France), Prof. Rik de Doncker (Germany), Prof. Fred C. Lee (USA), Prof. Hirofumi Akagi (Japan), Prof. Frede Blaabjerg (Denmark), Prof. Dushan Boroyevich (USA), Prof. Kay Hameyer (Germany), Prof. Marian Kazmierkowski (Poland), Prof. Ralph Kennel (Germany), Prof. Bogdan M. Wilamowski (USA), Prof. Andreas Steimel (Germany), Prof. Kouhei Ohnishi, (Japan), Prof. Eric Monmasson (France), Prof. Remus Teodorescu (Denmark), Dr. Philip Carne Kjaer (Vestas Wind Systems, Denmark), Dr. Dan Ionel (A.O. Smith Company, USA), Dr. Michael Merkle (Robert Bosch Automotive, Germany) and other representatives of major international companies. The conference is being held at Cheile Gradistei Holiday Complex (www.cheilegradistei.ro), situated in the splendid and vibrant mountain village of Moieciu (altitude of 900m), 7 km from Bran ("Dracula's") Castle and 30 km from Brasov city. This offers amazing sceneries in Transylvania's countryside, along with excellent conference facilities. A special acknowledgement is due to the local organising committee as well as to Mr. Garbacea, manager of the Cheile Gradistei resort, for their work towards providing a great venue, conference facilities and support.