Developing Standards for Library Expenditures

Powell Niland
Additional contact information
Powell Niland: Washington University, St. Louis, Missouri

Management Science, 1967, vol. 13, issue 12, B797-B808

Abstract: This 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.

Date: 1967
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://dx.doi.org/10.1287/mnsc.13.12.B797 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:13:y:1967:i:12:p:b797-b808

Access Statistics for this article

More articles in Management Science from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().