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Serial Acquisition as a Capital Budgeting Problem.

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Title: Serial Acquisition as a Capital Budgeting Problem.
Authors: Hentschke, Guilbert C.1, Kehoe, Ellen2
Source: Journal of the American Society for Information Science. Sep1980, Vol. 31 Issue 5, p357-362. 6p.
Subjects: Subscription libraries, Periodicals, Capital budget, Universities & colleges, Library inventories, Information technology
Abstract: This study examines the costs and benefits of purchasing periodicals on a one-year versus a three-year subscription basis. The decision problem is viewed as a capital budgeting problem where the objective is con minimization over a six-year time span. The variables considered critical to the decision include cost of capital, subscription reorder cost facing the library, annual rate of change of subscription rates, and ratio of three-year to one-year subscription cons. The model was developed and applied with the assistance of library managers at the University of Rochester. Results of the study indicate that, even under those conditions most favorable to maintaining a one-year subscription policy, substantial savings can accrue by shifting to a three-year subscription policy. The Serials and Binding Department at the University has, as a consequence, shifted to a three-year purchasing policy for periodicals. Although the model was developed for a specific library system, it is sufficiently general and is simple enough to be applied in other settings without difficulty. [ABSTRACT FROM AUTHOR]
Copyright of Journal of the American Society for Information Science is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Engineering Source
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  Data: Serial Acquisition as a Capital Budgeting Problem.
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  Data: <searchLink fieldCode="JN" term="%22Journal+of+the+American+Society+for+Information+Science%22">Journal of the American Society for Information Science</searchLink>. Sep1980, Vol. 31 Issue 5, p357-362. 6p.
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  Data: <searchLink fieldCode="DE" term="%22Subscription+libraries%22">Subscription libraries</searchLink><br /><searchLink fieldCode="DE" term="%22Periodicals%22">Periodicals</searchLink><br /><searchLink fieldCode="DE" term="%22Capital+budget%22">Capital budget</searchLink><br /><searchLink fieldCode="DE" term="%22Universities+%26+colleges%22">Universities & colleges</searchLink><br /><searchLink fieldCode="DE" term="%22Library+inventories%22">Library inventories</searchLink><br /><searchLink fieldCode="DE" term="%22Information+technology%22">Information technology</searchLink>
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  Data: This study examines the costs and benefits of purchasing periodicals on a one-year versus a three-year subscription basis. The decision problem is viewed as a capital budgeting problem where the objective is con minimization over a six-year time span. The variables considered critical to the decision include cost of capital, subscription reorder cost facing the library, annual rate of change of subscription rates, and ratio of three-year to one-year subscription cons. The model was developed and applied with the assistance of library managers at the University of Rochester. Results of the study indicate that, even under those conditions most favorable to maintaining a one-year subscription policy, substantial savings can accrue by shifting to a three-year subscription policy. The Serials and Binding Department at the University has, as a consequence, shifted to a three-year purchasing policy for periodicals. Although the model was developed for a specific library system, it is sufficiently general and is simple enough to be applied in other settings without difficulty. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of Journal of the American Society for Information Science is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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      – SubjectFull: Capital budget
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      – SubjectFull: Universities & colleges
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