The geometric size and the refrigeration capacity of a refrigeration system are strongly dependent on the capacity of heat exchanger, which is one of the key design parameters. In this paper, the effect of the capacities of heat exchangers on the performance of a real refrigeration system operated in a vapor compression cycle was analyzed by the numerical simulation. From the results, the conditions that gave the maximum values of the refrigeration capacity or COP were respectively determined as a function of the capacities of condenser and evaporator under the given ambient and operating condition.