Two different heat transfer models for predicting the transient heat transfer characteristics of the slabs in a walking beam type reheat furnace are compared in this work. The prediction of heat flux on the slab surface and the temperature distribution inside the slab have been determined by considering thermal radiation in the furnace chamber and transient heat conduction in the slab. Both models have been compared for their accuracy and computational time. The furnace is modeled as an enclosure with a radiatively participating medium. In the first model, the three-dimensional (3D) transient heat conduction equation with a radiative heat flux boundary condition is solved using an in-house code. The radiative heat flux incident on the slab surface required in the boundary condition of the conduction code is calculated using the commercial software FLUENT. The second model uses entirely FLUENT along with a user-defined function, which has been developed to account for the movement of slabs. The results obtained from both models have a maximum temperature difference of 2.25%, whereas the computational time for the first model is 3 h and that for the second model is approximately 100 h.