A novel combined power/refrigeration thermodynamic cycle is optimized for thermal performance in this paper. The cycle uses ammonia-water binary mixture as a working fluid and can be driven by various heat sources, such as solar, geothermal and low temperature waste heat. It could produce power as well as refrigeration with power output as a primary goal. The optimization program, which is based on the Generalized Reduced Gradient (GRG) algorithm, can be used to optimize for different objective functions. Examples that maximize second law efficiency, work output and refrigeration output are presented, showing the cycle may be optimized for any desired performance parameter. In addition, cycle performance over a range of ambient temperatures was investigated. It was found that for a source temperature of 360K, which is in the range of flat plate solar collectors, both power and refrigeration outputs are achieved under optimum conditions. All performance parameters, including first and second law efficiencies, power and refrigeration output decrease as the ambient temperature goes up. On the other hand, for a source of 440K, optimum conditions do not provide any refrigeration. However, refrigeration can be obtained even for this temperature under non-optimum performance conditions.

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