This paper presents a new analytical approach for optimum placement of distributed generations (DGs) in distribution systems. The proposed algorithm is inspired by the Olympic Games ranking process, which is able to simultaneously consider a wide range of goals such as voltage profile, losses, security, loading, and short‐circuit level without worrying about increasing in complexity or computational burden of the problem. This approach takes advantages of nonsensitivity to initial optimization control parameters, a proper normalization of objective values, less computation time, and providing a unique response in different runs. In viewpoint of distribution system operators and planners, the proposed method can provide a simple and comprehensive tool for analytical and validation purposes due to its transparent decision‐making process. The proposed method is implemented on the IEEE 37‐Bus test system, and the results are compared with the ones obtained by two commonly used methods. The simulation results show the ability, effectiveness, and flexibility of the proposed DG placement method.