The study of quantum stochastic processes presents severe difficulties, both on the theory level as well as on technical grounds. The numerically exact solution remains prohibitive even today. In this paper we review and present new results for three different methods used for the modelling of quantum stochastic processes. These include a mixed quantum classical approach, semiclassical initial value representations of the quantum propagator and the reduced density matrix approach as typified by the quantum Wigner-Fokker-Planck equation. A new semiclassical initial value representation that does away with cumbersome prefactors which depend on the monodromy matrix elements but is exact for a harmonic oscillator is presented and its properties analysed. A recently proposed systematic method for improving semiclassical initial value representations is reviewed. The generalization of the Wigner-Fokker-Planck equation to stochastic processes with memory is obtained by using a novel integral equation representation.