In this paper, new and simple optical transmission link with fixed dispersion management (DM) scheme, i.e., pre(post) compensation and residual dispersion per span (RDPS) are fixed to net residual dispersion (NRD) = 0 ps/nm, and optical phase conjugator (OPC) having optimal position depending on launch power in WDM transmission system is proposed. Also, effective launch power range of WDM channels resulting 1 dB eye opening penalty (EOP) is induced as a function of OPC position. First, it is confirmed that, for applying DM into WDM transmission link fixed pre(post)compensation and RDPS, which are independence on exact system parameters except launch power, sufficiently are used in WDM links, but OPC with optimal position is needed for effective compensating impairments of WDM channels. And, it is confirmed that effective launch power is broader in case of RDPS = 100 ps/nm than in RDPS = 50 ps/nm. But, it is shown that the best OPC position offset is -0.6 km from a point of view of power window, which is defined as difference between maximum and minimum effective launch power.