Models of single cells, cell populations, and cultures can be most useful in organizing information in a comprehensive system description, as well as in optimizing and controlling actual production operations. Models discussed in this article are of various degrees of biological structure and mathematical complexity. The models are developed based on the biomass formation, substrate consumption, and product formation. The potentials and the limitations of all the models have been reported. The parameter estimation by different methods has been discussed in this communication. These parameters will be helpful to explore the areas where future-modeling studies may be especially valuable.