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Activity based formular for implementning library budget cuts

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posted on 2016-07-01, 13:00 authored by Bertil Fabricius DorchBertil Fabricius Dorch
This equation is the mathematical representation of an activity based model that calculates an adjusted library budget taking as input the actual consumption / cost of library resources for a given set of subject areas, given a desired resulting reduction of the library budget in total. In the equation, "b" is the budget vector for a particular subject area, index "a". The -budget vector has 3 elements: Printed and individual e-books, print journals, and electronic resources. Annual index is "i". The cost vector is "f" for each of the subject areas "a", and contains the cost for the same 3 elements as the budget vector. Activity indicators are M and depend on subject area "a" and index year "i". The activity is weighted by the free parameter epsilon (also a vector with 3 elements). M could e.g. be student and staff volume, research production or other variable with an annual variation. There can be any number of M's to be summed and weighted by epsilon.

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