This paper presents a new acoustic radiation optimization method for a vibrating panel-like structure with a passive piezoelectric shunt damping system in order to minimize well-radiating modes generated from the panel. The optimization method is based on an idea of using the p-version finite element method(p-version FEM), the boundary element method(BEM), and the particle swarm optimization algorithm(PSOA). Optimum embossment design for the vibrating panel using the PSOA is first investigated in order to minimize noise radiation over a frequency range of interest. The optimum embossment design works as a kind of stiffener so that well-radiating natural modes are shifted up with some degrees. The optimized panel, however, may still require additional damping for attenuating the peak acoustic amplitudes. A passive shunt damping system is thus employed to additionally damp the well-radiating modes from the optimized panel. To numerically evaluate the acoustic multiple-mode damping capability by a shunt damping system, the integrated p-version FEM/BEM for the panel with the shunt damping system is modeled and developed by MATLAB. Using the PSOA, the optimization technique for the optimal multiple-mode shunt damper is investigated in order to achieve the optimum damping performance for the well-radiating modes simultaneously. Also, the acoustic damping performance of the shunt damping circuit in the acoustic environment is demonstrated numerically and experimentally with respect to the realistically sized panel. The simulated result shows a good agreement with that of the experimental result.