A Regression-based Approach to Library Fund Allocation.
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| Title: | A Regression-based Approach to Library Fund Allocation. |
|---|---|
| Authors: | Walters, William H.1 william.walters@millersville.edu |
| Source: | Library Resources & Technical Services. Oct2007, Vol. 51 Issue 4, p263-278. 16p. 5 Charts, 1 Graph. |
| Subject Terms: | *Academic libraries, Library fundraising, Library materials budgets, Library finance, Regression analysis |
| Abstract: | While nearly half of all academic libraries use formulas to allocate firm order funds on behalf of particular departments or subject areas, few have adopted systematic methods of selecting or weighting the variables. This paper reviews the literature on library fund allocation, then presents a statistically informed method of weighting and combining the variables in a fund allocation formula. The regression-based method of fund allocation uses current, historical, or hypothetical allocations to generate a formula that excludes the influence of non-relevant variables as well as the influence of arbitrary or non-systematic variations in funding. The resulting fund allocations are based on the principle of equity-the idea that departments with the same characteristics should receive the same allocations. [ABSTRACT FROM AUTHOR] |
| Copyright of Library Resources & Technical Services is the property of American Library Association 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: | Education Research Complete |
| FullText | Links: – Type: pdflink Text: Availability: 0 |
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| Header | DbId: ehh DbLabel: Education Research Complete An: 28106472 AccessLevel: 6 PubType: Academic Journal PubTypeId: academicJournal PreciseRelevancyScore: 0 |
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| Items | – Name: Title Label: Title Group: Ti Data: A Regression-based Approach to Library Fund Allocation. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Walters%2C+William+H%2E%22">Walters, William H.</searchLink><relatesTo>1</relatesTo><i> william.walters@millersville.edu</i> – Name: TitleSource Label: Source Group: Src Data: <searchLink fieldCode="JN" term="%22Library+Resources+%26+Technical+Services%22">Library Resources & Technical Services</searchLink>. Oct2007, Vol. 51 Issue 4, p263-278. 16p. 5 Charts, 1 Graph. – Name: Subject Label: Subject Terms Group: Su Data: *<searchLink fieldCode="DE" term="%22Academic+libraries%22">Academic libraries</searchLink><br /><searchLink fieldCode="DE" term="%22Library+fundraising%22">Library fundraising</searchLink><br /><searchLink fieldCode="DE" term="%22Library+materials+budgets%22">Library materials budgets</searchLink><br /><searchLink fieldCode="DE" term="%22Library+finance%22">Library finance</searchLink><br /><searchLink fieldCode="DE" term="%22Regression+analysis%22">Regression analysis</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: While nearly half of all academic libraries use formulas to allocate firm order funds on behalf of particular departments or subject areas, few have adopted systematic methods of selecting or weighting the variables. This paper reviews the literature on library fund allocation, then presents a statistically informed method of weighting and combining the variables in a fund allocation formula. The regression-based method of fund allocation uses current, historical, or hypothetical allocations to generate a formula that excludes the influence of non-relevant variables as well as the influence of arbitrary or non-systematic variations in funding. The resulting fund allocations are based on the principle of equity-the idea that departments with the same characteristics should receive the same allocations. [ABSTRACT FROM AUTHOR] – Name: AbstractSuppliedCopyright Label: Group: Ab Data: <i>Copyright of Library Resources & Technical Services is the property of American Library Association 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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| RecordInfo | BibRecord: BibEntity: Identifiers: – Type: doi Value: 10.5860/lrts.51n4.263 Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 16 StartPage: 263 Subjects: – SubjectFull: Academic libraries Type: general – SubjectFull: Library fundraising Type: general – SubjectFull: Library materials budgets Type: general – SubjectFull: Library finance Type: general – SubjectFull: Regression analysis Type: general Titles: – TitleFull: A Regression-based Approach to Library Fund Allocation. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Walters, William H. IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 10 Text: Oct2007 Type: published Y: 2007 Identifiers: – Type: issn-print Value: 00242527 Numbering: – Type: volume Value: 51 – Type: issue Value: 4 Titles: – TitleFull: Library Resources & Technical Services Type: main |
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