In the current work thermodynamic modeling, exergo-economic and multi-objective optimization of an integrated
geothermal based CCHP system coupled with thermoelectric generator is examined. A numerical simulation
in the Engineering Equation Solver (EES) is developed to simulate the behavior of the CCHP/TEG
integrated system. Exergo-economic modeling to find the cost formation of different streams is done and parametric
study with considering different thermodynamic and economic criteria is performed. Thermodynamic
analysis reveal that the net output power and total useful products are 139.7 kW and 807 kW. Moreover, the
energy and exergy efficiency of the considered system is 55.81 % and 22.63 %, respectively. Parametric study on
the CCHP/TEG system for net output power, exergy efficiency, electrical cost rate, and total useful products is
carried out. Regarding parametric study the multi-objective optimization with exergy efficiency and electrical
cost rate is done. The concept of ideal point is employed to determine the final optimum conditions of CCHP/TEG
system. The optimization calculations show that in the final optimum values of the electrical cost rate and exergy
efficiency of the system are 12.52 $/h and 22.11 %, respectively. In addition the optimization process indicates
that the optimum turbine inlet pressure and separation I inlet temperature are around 8 bars and 13 bars.