Heat transfer in the evaporator and condenser sections of a pulsating heat pipe (PHP) with open end is modeled by analyzing thin film evaporation and condensation. The heat transfer solutions are applied to the thermal model of the pulsating heat pipe and a parametric study was performed. The results show that the heat transfer in a PHP is mainly due to the exchange of sensible heat. The frequency and amplitude of the oscillation is almost unaffected by surface tension after steady oscillation has been established. The amplitude of oscillation decreases with decreasing diameter. The amplitude of oscillation also decreases when the wall temperature of the heating section is decreased, but the frequency of oscillation is almost unchanged.