We review moduli stabilization in type IIB string theory compactification with fluxes. We focus on KKLT and Large Volume Scenario (LVS). We show that the predicted soft SUSY breaking terms in KKLT model are not phenomenological viable. In LVS, the following result for scalar mass, gaugino mass, and trilinear term is obtained: m0=m1/2=-A0=m3/2, which may account for Higgs mass limit if m3/2~O(1.5) TeV. However, in this case, the relic abundance of the lightest neutralino cannot be consistent with the measured limits. We also study the cosmological consequences of moduli stabilization in both models. In particular, the associated inflation models such as racetrack inflation and Kähler inflation are analyzed. Finally, the problem of moduli destabilization and the effect of string moduli backreaction on the inflation models are discussed. [ABSTRACT FROM AUTHOR]