The hastily emergent concern from researchers in the application of scheduling and sequencing has urged the necessity for analysis of the latest research growth to construct a new outline. This paper focuses on the literature on cost minimization as a primary aim in scheduling problems represented with less significance as a whole in the past literature reviews. The purpose of this paper is to have an intensive study to clarify the development of cost-based scheduling and sequencing (CSS) by reviewing the work published over several parameters for improving the understanding in this field. Various parameters, such as scheduling models, algorithms, industries, journals, publishers, publication year, authors, countries, constraints, uncertainties, computational time, and programming languages and optimization software packages are considered. In this research, the literature review of CSS is done for thirteen years (2010-2022). Although CSS research originated in manufacturing, it has been observed that CSS research publications also addressed case studies based on health, transportation, railway, airport, steel, textile, education, ship, petrochemical, inspection, and construction projects. A detailed evaluation of the literature is followed by significant information found in the study, literature analysis, gaps identification, constraints of work done, and opportunities in future research for the researchers and experts from the industries in CSS.