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An Economic Evaluation of an Integrated Service Platform of Open Access Research Papers

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
2022, v.56 no.3, pp.265-290
https://doi.org/10.4275/KSLIS.2022.56.3.265





Abstract

An economic evaluation was conducted using cost-benefit analysis for an integrated service platform of open access research articles. The data needed for benefit measurement were collected by conducting a series of surveys to service beneficiaries, including 1,313 academic researchers, 49 ​​bio-industry researchers, and 102 researchers in various industries. Cost-benefit analysis and sensitivity analysis were conducted after estimating the total costs for system construction and operations, anticipated direct and indirect benefits. With respect to the cost-benefit analysis limited to direct benefits, the estimated benefit was KRW 82 billion, which is about 14 times of the total costs for eight years of the entire business period. With respect to the cost-benefit analysis for both direct and indirect benefits, BCR was estimated to be about 98.9 and NPV to be KRW 538.8 billion, indicating that economic feasibility of the project was sufficiently secured. The results of this analysis may help securing the investment to the integrated service platform for OA research products, and the benefit estimation model developed in this study would be utilized as an assessment tool during the rest of this project.

keywords
Cost-benefit Analysis, Economic Evaluation, Open Access, Scholarly Information Access Services, Publicly Funded Research Papers, Scholarly Journal Articles, 경제성 평가, 비용편익분석, 오픈액세스, 논문통합검색서비스, 공공연구기금, 연구성과물, 학술지논문

Journal of the Korean Society for Library and Information Science