A revised VX cycle using ammonia/water as the working fluid is a cycle which is suitable to produce cooling utilizing low temperature hat sources. The cycle was analyzed numerically to investigate the effects of the design and operating conditions on the performance. It was shown that both COP and cooling capacity were significantly influenced by the performance of he rectifier. Insufficient UA of the rectifier reduced both ammonia mass fraction and mass flow rate of the vapor entering the condenser, which produced cooling effect in the evaporator. As the temperature and the mass flow rate of the heat source increased, both COP and exergetic efficiency decreased due to the irreversibilities produced in heat exchangers, but cooling capacity did not vary much. Cooling capacity increased significantly as the coolant temperature decreased, although COP and exergetic efficiency remained nearly constant.