In order to adjust the electric power network to today’s trends—such as the charging of electric vehicles, design of the Internal Electricity Market (IEM), headway of renewable energy sources, etc.—the demand for flexible network solutions is increasingly significant. Dynamic line rating (DLR) technology offers a flexible solution for the uprating of overhead lines. Moreover, the DLR methodology can be used in a wider system approach in order to establish a line management system, including functions such as ice prevention subsystems or the real-time tracking of clearances. Therefore, the extension possibilities and operational features of DLR-based systems have been extensively researched in the last few years, which is also confirmed by the high number of pilot projects funded for research and development on the topic of DLR. The key question during the implementation of a DLR system is the obtainable operational safety of such a system. This mainly depends on the installation places of the field equipment and the accuracy of the line rating calculation models. The aim of this article is the comparison of the so far available international line rating calculation models and also to propose another way for the determination of the real-time line rating. Moreover, laboratory measurements and case studies are presented for the confirmation of the proposed model’s reliability.