Cost‐benefit analysis: a disparagement of its misuse and misexplanation
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.
Keywords
Citation
Linn, M. (2009), "Cost‐benefit analysis: a disparagement of its misuse and misexplanation", The Bottom Line, Vol. 22 No. 3, pp. 82-85. https://doi.org/10.1108/08880450910999640
Publisher
:Emerald Group Publishing Limited
Copyright © 2009, Emerald Group Publishing Limited