Cost‐benefit analysis: examples

Abstract

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.

Citation

Linn, M. (2011), "Cost‐benefit analysis: examples", The Bottom Line, Vol. 24 No. 1, pp. 68-72. https://doi.org/10.1108/08880451111142123