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Purpose
This paper seeks to show that when managing strategically a library administrator might want to use cost‐benefit analysis to prudently spend money and, consequently, would need to understand this methodology.
Design/methodology/approach
The paper discusses the various types of cost‐benefit analysis and discusses some of their strengths and weaknesses.
Findings
It is helpful for library managers to have a proper knowledge of cost‐benefit analysis.
Practical implications
One methodology is provided 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.
© Emerald Group Publishing Limited
2010
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