The corrugated panels are the prime candidate structure for the floor, roof and wall of Korean high speed train. The equivalent continuum modeling approach panels can be used for the efficient design and evaluation of their structural characteristics. The equivalent continuum models, derived from the true complex corrugated panels, should have the same structural behavior as the original structures have. This paper briefly reviews three representative continuum modeling methods: the static analysis method and two plate-models based on modal analysis methods (MAM). These methods are evaluated through some numerical examples by comparing the natural frequencies and static deflections. It is observed that the plate-model based on Rayleigh-Ritz method seems to provide the best results when used in conjunction with the cantilever-type boundary conditions. The equivalent elastic constants of various corrugated panels, depending on the changes in their configurations, are tabulated for efficient use in structural design.