In this paper, planar power dividers/combiners for millimeter waves K-band or bands which can be printed on the substrates of hybrid or monolithic IC by surface mounting are designed and studied. Power dividers/combiners, and the conductor loss of microstrip lines in particualr the existing Wilkinson power dividers/combiners is modified ad amployes by ist equivalent circuit. Microwave CAD program SUPEROMPACT is employed for the Wilkinson power combiner which is modified and analyzed to reduce the high frequency coupling between the branches of the combiner, and the method to diminish the sensitivity of the input reflection of $2^n$-way power dividers/combiners is studied employing the commerical microwave CAD program package SUPERCOMPACT.