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The article shows the proposed solution of the objective function for the seasonal thermal energy storage system. In order to develop this function the technological and economic assumptions were used. In order to select the optimal system configuration mathematical models of the main elements of the system were built. Using these models, and based on the selected design point, the simulation of the entire system for randomly generated outside temperatures was made. The proposed methodology and obtained relationships can be readily used for control purposes, constituting model predicted control (MPC). [ABSTRACT FROM AUTHOR]