Determining the Average Cost of a Book for Allocation Formulas.
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| Title: | Determining the Average Cost of a Book for Allocation Formulas. |
|---|---|
| Authors: | Williams, Virginia Kay1 gwilliams@library.msstate.edu, Schmidt, June2 jschmidt@library.msstate.edu |
| Source: | Library Resources & Technical Services. Jan2008, Vol. 52 Issue 1, p60-70. 11p. 7 Charts. |
| Subject Terms: | *Academic library collection development, *Academic library acquisitions, *Academic libraries & faculty, Library materials budgets, Resource allocation |
| Company/Entity: | Mississippi State University |
| Abstract: | Academic libraries that use allocation formulas to divide monographic funds among academic departments frequently include the average cost of books per discipline as a variable. Published price indices provide average costs for some subjects, but for libraries serving interdisciplinary departments, purchasing nonbook materials with monographic funds, or purchasing foreign language materials, the published price indices may prove insufficient. This study investigates methods of determining average prices to be used in allocation formulas. As part of evaluating the allocation formula at Mississippi State University, the authors reviewed literature pertinent to library use of allocation formulas, surveyed Carnegie Doctoral/ Research Extensive land grant university libraries on their use of average price as a variable in allocation formulas, and calculated allocations using average price data from four sources: The Bowker Annual, previous acquisition cost data, Blackwell Price Reports, and Blackwell approval plan profiles. The pros and cons of each method of determining average price are discussed. [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: 29379008 AccessLevel: 6 PubType: Academic Journal PubTypeId: academicJournal PreciseRelevancyScore: 0 |
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| Items | – Name: Title Label: Title Group: Ti Data: Determining the Average Cost of a Book for Allocation Formulas. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Williams%2C+Virginia+Kay%22">Williams, Virginia Kay</searchLink><relatesTo>1</relatesTo><i> gwilliams@library.msstate.edu</i><br /><searchLink fieldCode="AR" term="%22Schmidt%2C+June%22">Schmidt, June</searchLink><relatesTo>2</relatesTo><i> jschmidt@library.msstate.edu</i> – Name: TitleSource Label: Source Group: Src Data: <searchLink fieldCode="JN" term="%22Library+Resources+%26+Technical+Services%22">Library Resources & Technical Services</searchLink>. Jan2008, Vol. 52 Issue 1, p60-70. 11p. 7 Charts. – Name: Subject Label: Subject Terms Group: Su Data: *<searchLink fieldCode="DE" term="%22Academic+library+collection+development%22">Academic library collection development</searchLink><br />*<searchLink fieldCode="DE" term="%22Academic+library+acquisitions%22">Academic library acquisitions</searchLink><br />*<searchLink fieldCode="DE" term="%22Academic+libraries+%26+faculty%22">Academic libraries & faculty</searchLink><br /><searchLink fieldCode="DE" term="%22Library+materials+budgets%22">Library materials budgets</searchLink><br /><searchLink fieldCode="DE" term="%22Resource+allocation%22">Resource allocation</searchLink> – Name: SubjectCompany Label: Company/Entity Group: Su Data: <searchLink fieldCode="DE" term="%22Mississippi+State+University%22">Mississippi State University</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: Academic libraries that use allocation formulas to divide monographic funds among academic departments frequently include the average cost of books per discipline as a variable. Published price indices provide average costs for some subjects, but for libraries serving interdisciplinary departments, purchasing nonbook materials with monographic funds, or purchasing foreign language materials, the published price indices may prove insufficient. This study investigates methods of determining average prices to be used in allocation formulas. As part of evaluating the allocation formula at Mississippi State University, the authors reviewed literature pertinent to library use of allocation formulas, surveyed Carnegie Doctoral/ Research Extensive land grant university libraries on their use of average price as a variable in allocation formulas, and calculated allocations using average price data from four sources: The Bowker Annual, previous acquisition cost data, Blackwell Price Reports, and Blackwell approval plan profiles. The pros and cons of each method of determining average price are discussed. [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.52n1.60 Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 11 StartPage: 60 Subjects: – SubjectFull: Academic library collection development Type: general – SubjectFull: Academic library acquisitions Type: general – SubjectFull: Academic libraries & faculty Type: general – SubjectFull: Library materials budgets Type: general – SubjectFull: Resource allocation Type: general – SubjectFull: Mississippi State University Type: general Titles: – TitleFull: Determining the Average Cost of a Book for Allocation Formulas. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Williams, Virginia Kay – PersonEntity: Name: NameFull: Schmidt, June IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 01 Text: Jan2008 Type: published Y: 2008 Identifiers: – Type: issn-print Value: 00242527 Numbering: – Type: volume Value: 52 – Type: issue Value: 1 Titles: – TitleFull: Library Resources & Technical Services Type: main |
| ResultId | 1 |
