Present work optimizes the performance of 170 kW vapor compression-absorption cascaded refrigeration system (VCACRS) based on combined thermodynamic, economic and environmental parameters using Non-dominated Sort Genetic Algorithm-II (NSGA-II) technique. Two objective functions including the total irreversibility rate (as a thermodynamic criterion) and the total product cost (as an economic criterion) of the system are considered simultaneously for multi-objective optimization of VCACRS. The capital and maintenance costs of the system components, the operational cost, and the penalty cost due to CO2 emission are included in the total product cost of the system. Three optimized systems including a single-objective thermodynamic optimized, a single-objective economic optimized and a multi-objective optimized are analyzed and compared. The results showed that the multi-objective design considers the combined thermodynamic and total product cost criteria better than the two individual single-objective thermodynamic and total product cost optimized designs. (C) 2016 Elsevier Ltd. All rights reserved.