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The Alternative Power System Economic Analysis Model (APSEAM) is an interactive computer model which can be applied in three ways: (1) the model projects the annual, after-tax costs of capital investment in various conventional and non-conventional energy technologies for each and every year in the investment time horizon; (2) the model serves as an investment analysis tool; and (3) the model serves as a tool which can be used for evaluating the impact of specific policies on specific investors.

Overview of the alternative power system economic analysis model