Abstract
In the fall of 2012 East Carolina University’s Joyner Library was looking to create a new fund allocation formula. The current one at that time had been in use since 1982, and we felt there might be a better way of distributing money—a way that took into account current needs. To create the new fund allocation formula, we took a collection evaluation concept and married it with knowledge gained about fund allocation formulas through research of the literature and investigation into our own past. We ended up with a fund allocation formula that employs Bonn’s use factor and the average price paid per title per fund to achieve a more equitable distribution of funds.
Employing a Use Factor to Distribute Monographic Funds
In the fall of 2012 East Carolina University’s Joyner Library was looking to create a new fund allocation formula. The current one at that time had been in use since 1982, and we felt there might be a better way of distributing money—a way that took into account current needs. To create the new fund allocation formula, we took a collection evaluation concept and married it with knowledge gained about fund allocation formulas through research of the literature and investigation into our own past. We ended up with a fund allocation formula that employs Bonn’s use factor and the average price paid per title per fund to achieve a more equitable distribution of funds.