This paper presents a model system TEG-DORC that employs thermoelectric generator (TEG) as a topping cycle integrated with a dual-loop organic Rankine bottoming cycle (DORC) to recover exhaust heat of internal combustion engine (ICE). The thermodynamic performance of TEG-DORC system is analyzed based on the first and second law of thermodynamics when system net output power Wnet, thermal efficiency ηth, exergy efficiency ηe and volumetric expansion ratio are chosen as objective functions. The model has many parameters that affect combined system performance such as TEG scale, evaporation pressure of high temperature ORC loop (HT loop) Pevp,HT, condensation temperature of HT loop Tcond,HT. It is suggested that HT loop has a vital influence on system performance. The results show that TEG-DORC system can significantly improve system performance, and system net output power gets maximum (30.69kW) when Tcond,HT is 370K and Pevp,HT is 4MPa, accordingly, the absolute effective thermal efficiency increases by 5.2%. The maximum thermal efficiency and exergy efficiency are 26.39% and 53.08% respectively. And applying TEG modules can't promote DORC system performance as expected.