Developing Standards for Library Expenditures
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.
Year of publication: |
1967
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Authors: | Niland, Powell |
Published in: |
Management Science. - Institute for Operations Research and the Management Sciences - INFORMS, ISSN 0025-1909. - Vol. 13.1967, 12, p. 797-797
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Publisher: |
Institute for Operations Research and the Management Sciences - INFORMS |
Saved in:
Online Resource
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