Cost‐benefit analysis: a disparagement of its misuse and misexplanation

Abstract

Purpose

The purpose of this paper is to argue that when managing strategically, a library administrator might want to use cost‐benefit analysis to justify spending and, consequently, would need to understand this methodology.

Design/methodology/approach

The paper discusses and gives examples to illustrate how others have needed a better knowledge of cost‐benefit analysis.

Findings

It is helpful for library managers to have a proper knowledge of cost‐benefit analysis.

Practical implications

This provides one methodology that librarians should consider when contemplating what purchases to make.

Original/value

This paper will help librarians better manage their libraries by making them aware of cost‐benefit analysis.

Citation

Linn, M. (2009), "Cost‐benefit analysis: a disparagement of its misuse and misexplanation", The Bottom Line, Vol. 22 No. 3, pp. 82-85. https://doi.org/10.1108/08880450910999640