The Journal Selection Problem in a University Library System

D. H. Kraft and T. W. Hill, Jr.
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D. H. Kraft: University of Maryland
T. W. Hill, Jr.: Purdue University

Management Science, 1973, vol. 19, issue 6, 613-626

Abstract: The problem of selecting which journals to acquire in order to best satisfy library objectives is examined and modeled as a zero-one linear programming problem This is done using an objective function based on expected usage as a measure of journal worth and on cost constraints which account for the scarcity of capital. A dynamic programming algorithm is used to break down the larger problem into smaller sub-problems and to generate a feasible solution. Special cases where the solution is optimal are presented and discussed in terms of their implications for the library. An example problem is presented to illustrate the algorithm.

Date: 1973
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:19:y:1973:i:6:p:613-626

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