This disclosure discusses systems, methods, and techniques for producing and utilizing a capability region of one or more monitored equipment. To do so, an intelligent electronic device (IED) may access a data set of one or more known performance characteristics of the monitored equipment. The known performance characteristics are based on, or dependent of, one or more variables. The IED may also access a constraint library with geometric primitives. Then, the IED may analyze the data set and may produce the capability region using the geometric primitive. The IED may compare an operating point of the monitored equipment to the capability region of the monitored equipment. Based on the comparison, the IED may implement a control action.