LIBRARY STRATEGIES: Cost-benefit analysis: examples

摘要

Purpose - This paper seeks to point outs that, when managing strategically, a library administrator might want to use cost-benefit analysis to prudently spend money and, consequently, would need to understand this methodology. Design/methodology/approach - The paper discusses the various types of cost-benefit analysis and provides examples of their use. Findings - It is helpful for library managers to have a proper knowledge of cost-benefit analysis. Practical implications - This provides one methodology that librarians should consider when contemplating what purchases to make. Originality/value - This article will help librarians better manage their libraries by making them aware of cost-benefit analysis.