Optical on-off modulators require low insertion loss, high contrast ra
tio (CR), small drive power and large bandwidth or bit-rate. A systema
tic approach to optimize the total performance of these modulators bas
ed on the quantum-confined Stark effect is presented here. The approac
h consists of minimizing the power/bandwidth ratio while satisfying a
given CR and insertion loss. Our design consists of a large-core multi
mode passive waveguide with a thin buried active layer. The passive wa
veguide is designed to yield a high coupling efficiency to conventiona
l single-mode fibers. The quantum well material structure is designed
to maximize Delta alpha/Delta F-2, while maintaining a sufficiently la
rge Delta alpha/alpha(0), where Delta alpha is the absorption change,
alpha(0) is the residual absorption at zero bias, and Delta F is the s
wing of the applied electric field. Our theoretical model shows that i
) wider quantum wells give larger Delta alpha/Delta F-2, and ii) the b
andwidth/power ratio as high as 4 GHz/mW can be achieved simultaneousl
y with small insertion loss. For example, with a drive voltage of 3 V,
an RC limited bandwidth as high as 60 GHz is predicted, while a contr
ast ratio of 20 dB and a total insertion loss of 4.5 dB may also be ob
tained.