The book "Theory and Applications of Models of Computation" is a collection of revised contributions from the 11th annual conference on this topic, which took place in April 2014 in Chennai, India. It includes 27 carefully selected full texts that emerged from 112 submitted papers. The contributions address the algorithmic foundations, computational methods, and computing devices necessary to tackle the challenges of complexity, scalability, and sustainability in today's and future times. The topics covered have far-reaching implications across various fields, including the design of biological systems as well as the understanding of economic markets and social networks. This academic book is aimed at professionals and students in the fields of engineering and IT, providing valuable insights into the theoretical and practical aspects of computational models.