Two new power and cooling cogeneration systems based on Kalina cycle (KC) and absorption refrigeration cycle (AC) are proposed and studied from thermodynamic and economic viewpoints. The first proposed system, Kalina power-cooling cycle (KPCC), combines the refrigerant loop of the water-ammonia absorption chiller, consisting of an evaporator and two throttling valves with the KC. A portion of the KC mass flow enters the evaporator to generate cooling after being condensed in the KPCC system. KPCC is a flexible system adapting power and cooling cogeneration to the demand. The second proposed system, Kalina lithium bromide absorption chiller cycle (KLACC), consists of the KC and a single effect lithium bromide-water absorption chiller (AC(LiBr-water)) The KC subsystem discharges heat to the AC(LiBr-water) desorber before condensing in the condenser. The performance and economic aspects of both proposed systems are analyzed and compared with the stand alone KC. A parametric analysis is conducted to evaluate the sensitivity of efficiencies and the generated power and cooling quantities to the key operating variables. The results showed that, thermal efficiency and total annual costs decreased by 5.6% and 8% for KPCC system but increased 4.9% and 58% for KLACC system, respectively. Since the power-cooling efficiency of KLACC is 42% higher than KPCC it can be applied where the aim is cooling generation without considering economic aspects. (C) 2016 Elsevier Ltd. All rights reserved.