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  Determining the value of resources and services provided by a library can be complicated and time consuming. The idea is to establish the price a user would pay to get the same resource or service elsewhere when the library is no longer an option.
  The cost of a medical text book, the individual subscription price for a print or electronic journal, or the cost of a single reprint of a journal article is often available by searching Amazon or a journal providers website. The difficulty is in determining the value of a single use of a journal. You might want to assume that each use is equivalent to the cost of obtaining a single article.
  The public library may be able to provide interlibrary loans.
  The cost of photocopies, computer access and printing can be set to what Kinko's or a simliar store charges.
  The value of a class taught by a librarian could be compared to the cost of a continuing education class at a community college or a software training company, assuming the class content is available from those sources.

A list of estimated or average values with explanation

Resource or Service
Estimated Retail Value
Values Explained
Book
$115.00
Average cost of a print book purchased by an academic medical library in 2007
Print Journal
$35.00
Estimated cost to purchase a single copy of an article from a publisher
Ejournal
$35.00
Estimated cost to purchase a single article from an ejournal vendor
Interlibrary Loan
$18.00
The maximum charge for interlibrary loans available through Docline
Reference Questions Answered
$45.00
Information broker's fee
Mediated Searches
$75.00
Information broker's fee for a search
Class Contact Hours
$30.00
Per hour charge for continuing education computer class from a local college
AVs used or borrowed
$50.00
Estimated cost of one AV title
Self Service Photocopies
$.10
Per page price of photocopies at a public library
Meeting Room Use per Hour
$50.00
Estimate
Computer Use, e.g., Library catalog, Internet and MS Word, per hour
$12.00
Price for standard computer software access at FedexKinkos; Printing is extra so you may want to add printing as a service to calculate. FedexKinko's charges $.49/page B&W, $.89/page color (St. Louis 2/2008)

Back to Retail Value Calculator

Members are encouraged to contact their liaison, the Assessment and Evaluation Liaison or the RML office with questions, concerns or for assistance in designing and conducting evaluation of their programs.

Contact Betsy Kelly, Liaison for Assessment and Evaluation, with questions or comments about the program or for assistance in designing evaluation criteria for outreach projects and activities.