Dual-functional radar-communication (DFRC) has attracted considerable attention. This paper considers the frequency-selective multipath fading environment and proposes DFRC waveform design strategies based on multiple-input and multiple-output (MIMO) and orthogonal frequency division multiplexing (OFDM) techniques. In the proposed waveform design strategies, the Cramer-Rao bound (CRB) of the radar system, the inter-stream interference (ISI) and the achievable rate of the communication system, are respectively considered as the performance metrics. In this paper, we focus on the performance trade-off between the radar system and the communication system, and the optimization problems are formulated. In the ISI minimization based waveform design strategy, the optimization problem is convex and can be easily solved. In the achievable rate maximization based waveform design strategy, we propose a water-filling (WF) and sequential quadratic programming (SQP) based algorithm to derive the covariance matrix and the precoding matrix. Simulation results validate the proposed DFRC waveform designs and show that the achievable rate maximization based strategy has a better performance than the ISI minimization based strategy.
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