Indiana University-Purdue University Indianapolis (IUPUI) / The Pedestrian Automatic Emergency Braking System (PAEB) can utilize on-board sensors to detect pedestrians and take safety related actions. However, PAEB system only benefits the individual vehicle and the pedestrians detected by its PAEB. Additionally, due to the range limitations of PAEB sensors and speed limitations of sensory data processing, PAEB system often cannot detect or do not have sufficient time to respond to a potential crash with pedestrians. For further improving pedestrian safety, we proposed the idea for integrating the complimentary capabilities of V2V and PAEB (V2V-PAEB), which allows the vehicles to share the information of pedestrians detected by PAEB system in the V2V network. So a V2V-PAEB enabled vehicle uses not only its on-board sensors of the PAEB system, but also the received V2V messages from other vehicles to detect potential collisions with pedestrians and make better safety related decisions. In this thesis, we discussed the architecture and the information processing stages of the V2V-PAEB system. In addition, a comprehensive Matlab/Simulink based simulation model of the V2V-PAEB system is also developed in PreScan simulation environment. The simulation result shows that this simulation model works properly and the V2V-PAEB system can improve pedestrian safety significantly.