A Fund Allocation Process: Employing a Use Factor

ECU Author/Contributor (non-ECU co-authors, if there are any, appear on document)

Lisa Sheets Barricella (Creator)

Cynthia Shirkey (Creator)

Institution

East Carolina University (ECU )

Web Site: http://www.ecu.edu/lib/

Abstract: Main article; Beginning in 2012, two librarians sought to revise the beastly allocation formula used to distribute monographic funds at East Carolina University. After investigating different methods, they decided to develop a formula that employs a use factor based on circulation statistics to distribute funds more equitably. This presentation will go over basic elements in fund allocation formulas and present specific information on the fund formula newly adopted at ECU. It will include the process being used to gather the statistics the formula relies upon, and will delineate what we’ve learned from the first year of using the formula. Special attention will be paid to our incorporation of firm order e-book data in year two. Audience engagement will come from active queries about their libraries’ use of allocation formulas, the elements they employ in their formulas and questions regarding the formula ECU is now in their second year of using.

Additional Information

Publication

Other

Barricella, Lisa, and Cynthia Shirkey, "A Fund Allocation Process: Employing a Use Factor." Presented at the 34th Annual Charleston Conference Issues in Book and Serial Acquisition, Charleston, SC, November 7, 2014.

Language: English

Date: 2014

Keywords

Use factor, Academic libraries, Fund allocation, Collection development (Libraries), Allocation formulas

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