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Cost‐benefit analysis: a primer

Mott Linn (Clark University, Worcester, Massachusetts, USA)

The Bottom Line

ISSN: 0888-045X

Article publication date: 1 June 2010

3186

Abstract

Purpose

This paper seeks to show 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 discusses some of their strengths and weaknesses.

Findings

It is helpful for library managers to have a proper knowledge of cost‐benefit analysis.

Practical implications

One methodology is provided 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. (2010), "Cost‐benefit analysis: a primer", The Bottom Line, Vol. 23 No. 1, pp. 31-36. https://doi.org/10.1108/08880451011049687

Publisher

:

Emerald Group Publishing Limited

Copyright © 2010, Emerald Group Publishing Limited

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