[LIBRARYDIR] Return on Investment

[Kelly, Amy]

I agree that gas cost is a slightly odd calculation. Wouldn't it be better instead to include some kind of amortization of database article use (e.g. our cost for full-text in ASP is 79 cents, but if students purchased individual articles w/out database subscriptions those costs can range up to $30-40 per article). I don't know what an accurate formula would be...

I don't know if we'd do this, but since I'm currently in iPeds mode, I'm enjoying the possibility.

Amy


Amy S. Kelly
Dean of Academic Support Services
South Puget Sound Community College
360.596.5416

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From: LIBRARYDIR [mailto:librarydir-bounces at lists.ctc.edu] On Behalf Of Mindy Coslor
Sent: Tuesday, February 21, 2017 1:02 PM
To: WACTC Library Directors
Subject: Re: [LIBRARYDIR] Return on Investment

I have never calculated ROI for our library.  It is interesting to see how he did it.  Most of it makes sense.  One could quibble about the off-campus access to databases.  Using the students' cost for a gallon of gas as a measure of the college's ROI doesn't make sense.  His total value is divided by the college's allocation to the library so adding in the students' cost of gas is specious.  I would be curious to learn what others think.

I would like to post our statistical reports online.  My librarians think I am the only one who would be interested in seeing that data.  I think it could be interesting especially if the data is dynamic.  I was thinking that ALMA would provide the dashboard to make it possible.  Are any of the ALMA libraries doing this?

Dr. Mindy Coslor, Ph.D.
Director of Library Services
Skagit Valley College
360.416.7761

From: LIBRARYDIR [mailto:librarydir-bounces at lists.ctc.edu] On Behalf Of Coe, Erica
Sent: Tuesday, February 21, 2017 12:37 PM
To: WACTC Library Directors <librarydir at lists.ctc.edu<mailto:librarydir at lists.ctc.edu>>
Subject: [LIBRARYDIR] Return on Investment

Hi all,

I just found this LibGuide from the Office of the Dean of Libraries at the University of West Florida -  http://libguides.uwf.edu/office-of-dean-of-libraries

I was intrigued by the idea of calculating the Return on Investment.   Have any of you done this for your Library?      They also share their statistical reports.   Do any of you do this on your webpages or guides?

Thanks,
Erica
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