Budget Allocation Formulas: Magic or Illusion?

Authors

Roger Cross, Southern Illinois University CarbondaleFollow

Comments

Published in The Bottom Line: Managing Library Finances, Vol. 24, Issue 1 (2011) at

10.1108/08880451111142114

Abstract

Budget allocation formulas claim objectivity, and hence fairness. But factors composing the formula are limited to supply, demand, and cost. Attempts to correct for this imbalance of empirical data like usage have led to the use of weighted values in the formulas. This paper seeks to argue that assigning “weight” in a formula introduces value judgments and subjectivity, leaving only the misplaced illusion of objectivity.

Recommended Citation

Cross, Roger. "Budget Allocation Formulas: Magic or Illusion?." (Jun 2011).