|Author||Vij, Rajeev ♦ Soni, Navin Kumar S.|
|Source||Inflibnet's Institutional Repository|
|Subject Domain (in DDC)||Computer science, information & general works ♦ Data processing & computer science ♦ Library & information sciences|
|Subject Keyword||Return on investment (ROI), Cost benefit analysis, INMAS, DRDO, Cost Recovery, ♦ Consortia, E-journals, Patents, Collection Development, Usage statistics.|
|Abstract||The paper examines the concept of return on investment (ROI) in the context of special libraries. The aim of ROI is to establish a relationship between the special library and its host institution that could be expressed in quantifiable terms and which would satisfy administrators and demonstrate the library’s economic value to the institution. The value of a library to its parent institution is difficult to measure. Many different methods have been used to measure value, including return on investment (ROI), contingent valuation, and other explicit and implicit measures — essentially derived from library services and user satisfaction. This article describes major functions, activities and services of the INMAS library. It briefly touches upon both print and e-resources subscribed by INMAS library. The article outlines activities undertaken by INMAS library which are leading to cost saving and cost recovery, thereby, increasing return on investment (ROI).This article elaborates on strategies used by INMAS library for effective promotion- for increased utilization of its resources, which shall in turn result in increased research output in form of various products and services and a better ROI. Lastly, this article outlines future endeavors of the INMAS library which shall ultimately result in increased for the library.|
|Education Level||UG and PG|
|Learning Resource Type||Article|
Ministry of Human Resource Development (MHRD) under its National Mission on Education through Information and Communication Technology (NMEICT) has initiated the National Digital Library of India (NDL India) pilot project to develop a framework of virtual repository of learning resources with a single-window search facility. Filtered and federated searching is employed to facilitate focused searching so that learners can find out the right resource with least effort and in minimum time. NDL India is designed to hold content of any language and provides interface support for leading Indian languages. It is being arranged to provide support for all academic levels including researchers and life-long learners, all disciplines, all popular form of access devices and differently-abled learners. It is being developed to help students to prepare for entrance and competitive examination, to enable people to learn and prepare from best practices from all over the world and to facilitate researchers to perform inter-linked exploration from multiple sources. The pilot project is devising a framework that is being scaled up with respect to content volume and diversity to serve all levels and disciplines of learners. It is being developed at Indian Institute of Technology Kharagpur.
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