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Friday, November 4 • 2:30pm - 3:10pm
Boom and Bust: Short-Term Loans Five Years Later

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The University of Kansas (KU) Libraries began a demand-driven acquisition program for e-books in late 2011, which included short-term loans (STLs). At that time, STLs cost 5-10% of a book's list price, with libraries paying no more than 130% when actually purchasing an e-book. The literature from the early years praises the new purchasing model as cost effective, often saving libraries thousands of dollars annually. However, in 2014, the cost of STLs began to increase, with a handful of publishers charging as high as 30-35% per loan. In FY14, the KU Libraries saw a sudden 122% increase in the cost of their STL expenditures and a 277% increase in the overall cost of their e-book purchases. Alarmed by this sudden increase, KU librarians began looking for solutions to save money, including lowering the number of loans from three to two before triggering a purchase. Unfortunately, STL costs at KU continued to rise the following year by 32%. STLs were no longer working as a cost-saving measure, and publisher pricing for STLs has continued to rise, some to as much as 40-50% of the cost of a book.

In this session, KU librarians will discuss the analysis of trends and practices they reviewed and changes made over the past five years in order to reclaim e-DDA as a cost effective model. Participants will have an opportunity to discuss challenges and share different approaches to sustaining costs regarding e-DDA models at their local institutions.

This session was co-authored by Lea Currie, Head of Content Development, University of Kansas Libraries, who was unable to attend the conference.

Speakers
avatar for Sherri Brown

Sherri Brown

Literatures and Humanities Librarian, University of Kansas Libraries
Interested in: Content Development, Instruction, Digital Humanities, Library Spaces



Friday November 4, 2016 2:30pm - 3:10pm
Cypress Ballroom North, Courtyard Marriott 125 Calhoun Street, Charleston, SC 29401