AbstractWireless sensor networks (WSNs) demand low power and energy efficient hardware and software. Dynamic Power Management (DPM) technique reduces the maximum possible active states of a wireless sensor node by controlling the switching of the low power manageable components in power down or off states. During DPM, it is also required that the deadline of task execution and performance are not compromised. It is seen that operational level change can improve the energy efficiency of a system drastically (up to 90%). Hence, DPM policies have drawn considerable attention. This review paper classifies different dynamic power management techniques and focuses on stochastic modeling scheme which dynamically manage wireless sensor node operations in order to minimize its power consumption. This survey paper is expected to trigger ideas for future research projects in power aware wireless sensor network arenas.