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Paul V Preckel

Agricultural Economics 

  • Faculty Director SUFG/Professor
765.494.4240
Krannert Room 589

Professor Preckel researches and teaches in the areas of decision analysis and mathematical modeling. He has had extensive experience in developing applications and methods over a wide range of subject matter areas. His current areas of interest focus on: energy modeling, electricity market structure and performance, assessment of the effects of policy across an economy's income spectrum, supply chain management, modeling imperfectly competitive markets, and methods and applications for optimization and numerical integration. He became the Faculty Director of Indiana’s State Utility Forecasting Group in February 2007.

Professor Preckel's recent publications include: “Information Visibility and Its Impact in a Supply Chain,” Operations Research Letters, 44(2016):74-79; “Demand for Improved Fish Feed in the Presence of a Subsidy: A Double-Hurdle Application in Kenya,” Agricultural Economics, 47(2016):1-11; “An Assessment of Alternative Carbon Mitigation Policies for Achieving the Emission Reduction of the Clean Power Plan: Case Study for the State of Indiana,” Energy Policy, 9(2016):661-672. “Optimal Replacement Policies for an Uncertain Rejuvenated Asset,” International Journal of Production Economics,185(2017):212-33. “Multi-objective Optimization of Lane and Shoulder Widths at Rural Two-Lane Highways,” under revision after revise and resubmit decision from Transportmetrica A: Transport Science, 2017:1-28. He has served as a consultant to Control Analysis Corporation, Electric Power Research Institute, Hudson Institute, Land O’ Lakes, U.S. Agency for International Development, World Bank, Chemonics International, USAID, U.S. Department of Agriculture, and the Natural Heritage Institute.

Awards & Honors

(2015) Dean’s Team Award for service as a member of the Useful to Usable (U2U) Project. College of Agriculture, Purdue University.

(2015) NIFA Partnership award for service as a member of the Useful to Usable (U2U) Project. NIFA/USDA.

(2010) Award of Merit. Department of Agricultural Economics at Purdue University.

(2009) Dean's Team Award for Service as Agricultural Economics Coordinator for the DDGS Research Project. Purdue University College of Agriculture.

(2008) Millionaires’ Club Member. College of Agriculture , Purdue University.

(2007) Seeds for Success Award. Purdue University.

(2001) Neville Clarke Award for Outstanding Teamwork. Purdue University.

(2000) Award for Best Ph.D. Dissertation. the American Agricultural Economics Association.

(1999) Best Ph.D. Dissertation. Department of Agricultural Economics at Purdue University.

(1998) Best Ph.D. Dissertation. Department of Agricultural Economics at Purdue University.

Selected Publications

Lu, L., Preckel, P. V., Gotham, D. J., & Liu, A. L. (2016). An Assessment of Alternative Carbon Mitigation Policies for Achieving the Emission Reduction of the Clean Power Plan: Case Study for the State of Indiana. Energy Policy, 96, 661-672.

Wu, J., Iyer, A., & Preckel, P. V. (2016). Information Visibility and Its Impact in a Supply Chain. Operations Research Letters, 44(1), 74-79.

Stutzman, S. A., Weiland, B. J., Preckel, P. V., & Wetzstein, M. E. (in press). Optimal Replacement Policies for an Uncertain Rejuvenated Asset. International Journal of Production Economics.

Davis, C. D., Gotham, D. J., Preckel, P. V., & Liu, A. L. (2013). Determining the Impact of Wind on System Costs via the Temporal Patterns of Load and Wind Generation. Energy Policy, 60(September), 122-131.

Nderitu, D., Preckel, P., Gotham, D., Dobis, E., & Duncan, M. (2014). Assessment of the National Prospects for Electricity Generation from Biomass. 20. Retrieved from http://"Assessment of the National Prospects for Electricity Generation from Biomass"

Davis, C., Gotham, D., Preckel, P., & Liu, A. (2013). Determining the Impact of Wind on System Costs via the Temporal Patterns of Load and Wind Generation. Energy Policy, 60(Sept.), 122-131. Retrieved from http://www.sciencedirect.com/science/article/pii/S0301421513003169

Yigezu, Y., Alexander, C., Preckel, P., Maier, D., Mason, L., Woloshuk, C., . . . Moog, D. (2013). Integrated Joint Pest Management Strategies in the Presence of Control Spillovers. European Review of Agricultural Economics, 2013, 21-Jan. Retrieved from http://erae.oxfordjournals.org/content/early/2013/01/11/erae.jbs044.full

Preckel, P., Ruangpattana, S., Gotham, D., Murhuraman, K., Velastegui, M., Morin, T., & Uhan, N. (2012). Diversification of Fuel Costs Accounting for Load Variation. Energy Policy, 42, 400-408.

Wu, J., Iyer, A., & Preckel, P. (2012). Information Sharing across Multiple Buyers in a Supply Chain. Asia Pacific Journal of Operational Research, 29(1), 22-Jan.

Verma, M., & Hertel, T. (2011). Predicting Within Country Household Food Expenditure Variation Using International Cross-Section Estimates. Economics Letters, 113(2011), 218-220.

Agricultural Economics, 403 West State Street, West Lafayette, IN 47907 USA, (765) 494-4191

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