The phenomenological loss equivalence method incorporated into the wideband lossy transmission line model is applied to the characterization of high desity digital transmission lines. The pulse propagation characteristics are analyzed using the calculated frequency characteristics and the discrete Fourier transformation. This approach has been verified by comparing the calculated frequency characteristics with the FEM and the esperimental results. This method is very suitable for computer-aided analysis of high density/high speed interconnection circuits because of the simple calculation as well as the calculation accuracy. We have found that pulse ftransmission speed and dispersion of hgih density digital transmission lines can be optimized by managing the conductor and dielectric losses in addition to the impedance matching.