Cost-Benefit Model of Library Acquisitions in Terms of Use: Progress Report

A project has been undertaken to study the use of library materials: to evaluate acquisition decisions in terms of subsequent use and to derive a cost‐benefit model for use in purchasing and resource sharing and in the weeding and retirement of little‐used materials. This first progress report consi...

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Veröffentlicht in:Journal of the American Society for Information Science 1976-01, Vol.27 (1), p.73-74
Hauptverfasser: Montgomery, K. Leon, Bulick, Stephen, Fetterman, John, Kent, Allen
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container_end_page 74
container_issue 1
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container_title Journal of the American Society for Information Science
container_volume 27
creator Montgomery, K. Leon
Bulick, Stephen
Fetterman, John
Kent, Allen
description A project has been undertaken to study the use of library materials: to evaluate acquisition decisions in terms of subsequent use and to derive a cost‐benefit model for use in purchasing and resource sharing and in the weeding and retirement of little‐used materials. This first progress report considers only circulating books and monographs. Data derived from circulation records are analyzed in terms of the number of uses per individual item. A surprising result is the nearly straight‐line plot (semi‐log scale) that exhibits consistent halving of the number of items circulated with each successive increase in number of uses. These results are consistent over each of five years studied. The phenomenon is not yet explained. In addition, it is observed that only half of the collection is circulated one or more times over a five‐year period.
doi_str_mv 10.1002/asi.4630270110
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source Business Source Complete; Alma/SFX Local Collection
subjects Academic libraries
Acquisitions
Allocation of funds
Automation
Book funds
Budgets
Circulation
Cost benefit analysis
Feasibility studies
Finance
Fiscal years
Fund allocation
Funds
Investigations
Library materials
Materials selection
Mathematical models
National Science Foundation USA
Optimum allocation of funds
Pittsburgh University Pennsylvania
Progress reports
Purchasing
Retirement
Technical services
title Cost-Benefit Model of Library Acquisitions in Terms of Use: Progress Report
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