On the basis of the established irreversible simple closed gas turbine cycle model, this paper optimizes cycle performance further by applying the theory of finite-time thermodynamics. Dimensionless efficient power expression of the cycle is derived. Effects of internal irreversibility (turbine and compressor efficiencies) and heat reservoir temperature ratio on dimensionless efficient power are analyzed. When total heat conductance of two heat exchangers is constant, the double maximum dimensionless efficient power of a cycle can be obtained by optimizing heat-conductance distribution and cycle pressure-ratio. Through the NSGA-II algorithm, multi-objective optimizations are performed on the irreversible closed gas turbine cycle by taking five performance indicators, dimensionless power density, dimensionless ecological function, thermal efficiency, dimensionless efficient power and dimensionless power output, as objective functions, and taking pressure ratio and heat conductance distribution as optimization variables. The Pareto frontiers with the optimal solution set are obtained. The results reflect that heat reservoir temperature ratio and compressor efficiency have greatest influences on dimensionless efficient power, and the deviation indexes obtained by TOPSIS, LINMAP and Shannon Entropy decision-making methods are 0.2921, 0.2921, 0.2284, respectively, for five-objective optimization. The deviation index obtained by Shannon Entropy decision-making method is smaller than other decision-making methods and its result is more ideal.