Abstract :
We construct a model describing BPS brane-systems using low energy effective theory of brane-antibrane system. Both parallel branes and intersecting branes can be treated by this model. After tachyon condensation, the dynamics of fluctuations around such brane-systems is supersymmetric if the degrees of freedom are restricted on the branes. The form of the tachyon potential and the application of this model to the black hole physics are discussed.
