A method of modeling a heat exchanger is disclosed and comprises assigning input temperatures, assumed output temperatures, and a set of flow rates, inputting the parameters into a set of equations arranged to calculate a heat transfer coefficient, inputting parameters into a second set of equations arranged to calculate output temperatures, substituting actual output temperatures for the assumed output temperatures, and again calculating the heat transfer cooefficient. The new heat transfer coefficient is then used to obtain revised actual output temperatures, and the initial actual output temperatures and the revised actual output temperatures are compared to determine whether they differ by less than a desired variance. If not, a new iteration is performed until the output temperatures converge.