Cost‐benefit analysis: a primer
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