Developing Standards for Library Expenditures
AbstractThis paper reports the results of a project to use simple and multiple regression to develop standards for evaluating budget proposals of a university library. Based on a seven-year sample of actual expenditure data, ending with the academic year 1964-65, regression equations were developed for each of the five major categories of library expenditures. These equations were tested against the expenditures approved for the academic year 1965-66. Based on this test, useful standards were developed by employing the regression technique. The technique is proposed as a device for coping with the control of complex activities for which direct standard setting is difficult or prohibitively expensive, in institutional, governmental or business organizations.
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Bibliographic InfoArticle provided by INFORMS in its journal Management Science.
Volume (Year): 13 (1967)
Issue (Month): 12 (August)
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- Zanakis, Stelios H. & Mandakovic, Tomislav & Gupta, Sushil K. & Sahay, Sundeep & Hong, Sungwan, 1995. "A review of program evaluation and fund allocation methods within the service and government sectors," Socio-Economic Planning Sciences, Elsevier, vol. 29(1), pages 59-79, March.
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