Nowadays, heavy loaded eletric power systems are facing voltage stability problems due to environmental restrictions and budget cuts. Power systems incidents involving voltage stability clearly show that it is real problem and worse conditions are expected [1]. Therefore, there is a need of developing analytical tools to detect voltage collapse in complex networks. These tools must show, with good accuracy, stability ranges and power transfer limits, identifying weak nodes and susceptible areas to voltage stability. It is show a method to determine local voltage stability conditions and its computational efficiency is emphasized through contingency analysis studies. Comparative studies show the influence of static load model, network equivalent and reactive power generation/absorption limits representation using the synchronous machine capability curve, over the index which evaluates local voltage stability. It is show a study about the determinant which plays as an index to evaluate local voltage stability. Suggestions are made for future research.