One of the ways that a library may wish to demonstrate value is by providing evidence of economic impact or value for money.
A basic cost analysis of a clinical librarian service was conducted by Booth et al (2002).
Cost effective analysis is a comparative analysis of the costs and effectiveness of alternative interventions or services.
- competing methods of providing training
- use of different databases for information retrieval.
Willingness to Pay is a method that has been used as a proxy for determining the economic benefits of health library services see Urquhart et al. 2005, Urquhart et al. 2006, Urquhart et al. 2007