The operation of coal-fired power plants generates a large amount of wastewater. With the issuance of increasingly strict drainage standards, the cost of wastewater treatment is increasing, and the need to reduce the cost of wastewater treatment is becoming increasingly urgent. Thus, based on the principles of reverse osmosis (RO) and mechanical vapor recompression (MVR) in wastewater treatment, the operational optimization of an RO-MVR joint system was studied in this work with the consideration of reducing the operating costs of wastewater treatment under given operational conditions. Firstly, based on the basic principles of RO and MVR, corresponding mechanism models were established and their accuracy was verified. Then, an economic model of the RO-MVR joint system was established, with the goal of minimizing the water production unit price and daily operating costs of the joint system for optimization analysis. Finally, we analyzed the cost and water production performance of the RO-MVR joint system before and after optimization under different operating conditions. The results show that this optimization based on the RO-MVR joint system will reduce the unit price of water production to 3.16 CNY/m3, with the daily operating costs being decreased by 22% compared to before optimization. This result helps to reduce the cost of zero-discharge wastewater treatment in coal-fired power plants.