Recently, there has been a serious effort to design a wing in ground effect (WIG) craft. Vehicles of this type might use low aspect ratio wings defined as those with smaller than 3. Design and prediction techniques for fixed wings of relatively large aspect ratio are reasonably well developed. However, Aerodynamic problems related to vortex lift on wings of low aspect ratio have made it difficult to use existing techniques. In this work, we firstly focus on understanding aerodynamic characteristics of low aspect ratio wings and comparing the results from experimental measurements and currently available numerical predictions for both inviscid and viscous flows. Second, we apply an improved numerical method, "B-spline based high panel method with wake roll-up modeling", to the same problem.