In this paper the numerical methods of finding the optimal position of optical phase conjugator (OPC) and the optimal fiber dispersion are proposed, which are able to effectively compensate overall channels in $16{ imes}40$ Gbps WDM system. And the compensation characteristics in the system with two induced optimal parameters are compared with those in the system with the currently used mid-span spectral inversion (MSSI) in order to confirm the availability of the proposed methods. It is confirmed that the reception performances are largely improved in the system with the induced optimal parameters than in the system with MSSI through the analyzing the eye opening penalty (EOP) and bit error rate (BER) characteristics. It is also confirmed that two optimal parameters depend on each other, but are less related with the procedural problem about the first optimal value among these.