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Cost‐benefit analysis: a disparagement of its misuse and misexplanation

Cost‐benefit analysis: a disparagement of its misuse and misexplanation Purpose – The purpose of this paper is to argue that when managing strategically, a library administrator might want to use cost‐benefit analysis to justify spending and, consequently, would need to understand this methodology. Design/methodology/approach – The paper discusses and gives examples to illustrate how others have needed a better knowledge of cost‐benefit analysis. 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. Original/value – This paper will help librarians better manage their libraries by making them aware of cost‐benefit analysis. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Bottom Line Managing Library Finances Emerald Publishing

Cost‐benefit analysis: a disparagement of its misuse and misexplanation

Mott Linn Jr
The Bottom Line Managing Library Finances , Volume 22 (3): 4 – Jan 1, 2009
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References (8)

Publisher
Emerald Publishing
Copyright
Copyright © 2009 Emerald Group Publishing Limited. All rights reserved.
ISSN
0888-045X
DOI
10.1108/08880450910999640
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to argue that when managing strategically, a library administrator might want to use cost‐benefit analysis to justify spending and, consequently, would need to understand this methodology. Design/methodology/approach – The paper discusses and gives examples to illustrate how others have needed a better knowledge of cost‐benefit analysis. 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. Original/value – This paper will help librarians better manage their libraries by making them aware of cost‐benefit analysis.

Journal

The Bottom Line Managing Library Finances – Emerald Publishing

Published: Jan 1, 2009

Keywords: Cost benefit analysis; Return on investment; Net present value; Libraries

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