Tracy, Anna
INFO 266, Fall 2016
Maintaining a model
that accurately reflects user demands and taste is what is covered in this
article as well as how to create benchmarks for both replacement and value for
the money in purchasing and measure success.
You can establish a
baseline using the following data:
“Number of
acquisitions per year, represented as a
Stock budget per
year, represented as b
Number of loans,
represented as I
Load period in
weeks, represented as p
Average cost of an
item: c=b/a”
This article goes on
to describe other formulas of measuring value for the money when it comes to
collection development in public libraries.
Budgeting according
to what is wanted, novel idea? Or apparently it was several years back as the
demand increased from local government agencies to justify their investment in
libraries. This required many libraries to adjust policies for selection in
order to reflect the collection development processes geared towards user
demands. I can’t imagine doing it any other way, but I am new, and I have a
teeny tiny budget, so really this method is the only way to keep things flowing
and everyone happy.
Stanton, J. (2001).
MEASURING VALUE FOR MONEY IN PUBLIC LIBRARY COLLECTION DEVELOPMENT. Aplis,
14(2), 58.
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