An optimal solution of vortex-induced vibrations of structures would be a time-domain numerical simulation that simultaneously solves the fluid flow and structural response. Yet, the requirements in terms of computing power remains a major obstacle for implementing such a simulation. On the other hand, lower- or reduced-order models provide an alternative for determining structural response to forcing by fluid flow. The objective of this thesis is to provide a consistent approach for the development of reduced-order models for the lift and drag on oscillating cylinders and the identification of their parameters. Amplitudes and phases of higher-order spectral moments of the lift and drag coefficients data are combined with approximate solutions of the representative models to determine their parameters. The results show that the amplitude and phase of the trispectrum could be used to model the lift on the oscillating cylinder under different excitation conditions. Moreover, the amplitude and phase of the cross-bispectrum could be used to establish the lift-drag relation for oscillating cylinders. A forced van der Pol equation is used to represent the lift on a transversely oscillating cylinder, and a parametrically excited van der Pol equation is used to model the lift coefficient on an inline oscillating cylinder. All cases of excitations lead to close values for the damping and nonlinear parameters in the van der Pol equation. Consequently, and as shown in this thesis, different excitation cases could be used to identify the parameters in the governing equations. Moreover, the results show that the drag coefficient could be derived from the lift coefficient through a square relation that takes into account the effects of the forced motions.