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Measuring the V alue: Valuing the Measure

Measuring the V alue: Valuing the Measure. Caslin 12 th – 15 th June 2006 Deborah Novotny Head of Preservation. Overview - Times they are a-changin’. Two examples: Contingent Valuation condition survey. Modernisation programme. 2000 modernisation programme new CEO

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Measuring the V alue: Valuing the Measure

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  1. Measuring the Value:Valuing the Measure Caslin 12th – 15th June 2006Deborah NovotnyHead of Preservation

  2. Overview - Times they are a-changin’ Two examples: • Contingent Valuation • condition survey

  3. Modernisation programme • 2000 modernisation programme • new CEO • reorganisation management structure • rigorous strategic agenda • re-engineered information supply service • obtain electronic legal deposit • Optimise efficiency savings • programme of reform • service improvement

  4. Graph of funding

  5. Measuring Our Value • independent economic impact study • Kenneth Arrow & Robert Solow • quantitative evaluation • economic • cultural • social • intellectual • directly • indirectly

  6. Contingent Valuation • 2000 people interviewed • random selection from different groups • snapshot • does not capture emerging products and services e.g. digitisation and web-based services

  7. Contingent Valuation • Methodology: • Questionnaire 1. willingness to pay 2. willingness to accept 3. investment in accessing the services 4. the cost of alternative 5. change in demand to a hypothetical price change

  8. Benefit cost ratio 4.4:1 Results of the study • The total value each year of the British Library is £363m of which £304m is indirect value and £59m direct value. • For every £1 of public funding the British Library receives annually, £4.40 is generated for the UK economy. • If the British Library did not exist, the UK would lose £280m of economic value per annum. £363m £83m Total Value per annum Public Funding

  9. BL Preservation Needs Assessment Surveys • background to the surveys programme • headline results • using the findings • need for an objective picture of the state of the collections • need for a standardised tool to achieve this

  10. Pas weighted scoring • Sample of c.400 items assessed (+/- 5% accuracy) • Low score = low preservation need/low priority • High score = high preservation need/high priority

  11. BAND 1 BAND 2 BAND 3 BAND 4 BAND 5 PAS Scoring Very Low Priority (1-20) Low Priority (21-40) Medium Priority (41-60) High Priority (61-80) Very High Priority (81-100)

  12. KNOWING THE NEED - National UK Picture 97 surveys completed so far • 43,000 individual items surveyed (represents estimated 28 million collection items) • 87% of UK collections are in stable condition • 13% of UK collections are in unstable condition • 70% of material surveyed show some form of damage • 21% of material surveyed showed evidence of brittle paper • 80% of all newspapers surveyed showed some form of damage • Most pressing issues are environment, written disaster plan, Storage, ‘housekeeping’ – cleaning.

  13. BL results: condition (as % stable/unstable)

  14. Condition survey - assessment

  15. Results: NEWSPAPER LIBRARYCondition and Preservation Priority Bands % Stable: 65.92 % Unstable: 34.08 % in Band 1: 1 % in Band 2: 41.79 % in Band 3: 38.31 % in Band 4: 18.15 % in Band 5: 0.75

  16. Results: MAPSCondition and Preservation Priority Bands % Stable: 92.35 % Unstable: 7.65 % in Band 1: 33.58 % in Band 2: 57.28 % in Band 3: 8.64 % in Band 4: 0.5 % in Band 5: 0

  17. Using the results • establish a baseline figure of condition (KPI) • make informed preservation funding decisions • contribute to the national picture of preservation needs • answer ad hoc preservation questions • gain valuable incidental information • learn from the experience for future surveys

  18. Using the results: baseline statistic • Condition of the collections: • Key Performance Indicator delivered March 2004 • 86% of the British Library’s collections in stable condition

  19. Oct Nov Dec-Jan Feb April Preservation bidding cycle Bidding cycle begins • £3m preservation budget • collection areas bid for work via bidding database • same format, same criteria applied to all bids • bids for • conservation • boxing/enclosure • binding • microfilming • digitisation • migration • furbishing • condition assessment All bids submitted by end of month • All bids verified, scores computed • bids for external services costed, budget profiled • bids for internal treatments sent to Conservation for estimating Preservation Board meets to ratify budget and bid programmes Programmes begin

  20. Preservation Bidding Scoring Matrix

  21. Using results: comparing strategies – an example of “What if” projections

  22. The end • Happy to be here • Happy to answer questions • Thank you

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