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A Pilot Study of the Economic Valuation of Academic Libraries

Journal of the Korean Society for Library and Information Science / Journal of the Korean Society for Library and Information Science, (P)1225-598X; (E)2982-6292
2012, v.46 no.4, pp.61-76
https://doi.org/10.4275/KSLIS.2012.46.4.061



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Abstract

The research reports the results from an investigation of various measurement elements and techniques appropriate for the economic assessment of academic libraries, with a view to apply them in future evaluation of academic libraries in Korea. Two libraries participated in the pilot study. In one library, CVM (contingency valuation method) was applied to services ranging from circulation, electronic collection, reference, user education and facility. In the second library, three different methodologies--time value, alternative service value and CVM--were all applied to measure the value of electronic collection. The research provides analyses of measurement elements used, study procedures and measurement results. Based on these analyses, the study also makes suggestions in the areas of measurement goals, service, users and the calculation of B/C ratios that need to be taken into consideration in order to execute reliable and valid assessment of academic library's value.

keywords
Academic Library, Value, Impact, Economic Valuation, CVM, 대학도서관, 가치, 영향력, 경제적 가치측정, 가상가치측정법, Academic Library, Value, Impact, Economic Valuation, CVM

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Journal of the Korean Society for Library and Information Science