Output – LIFE2 – Economic evaluation of LIFE methodology

Output Name: Output – LIFE2 – Economic evaluation of LIFE methodology

Title: Economic evaluation of LIFE methodology
Number of pages or page numbers: 26 pages
Section:

Date Released:

URI for Output: http://eprints.ucl.ac.uk/7684

Summary of contents: Validation of the economic modelling and methodology for the Lifecycle and Generic Preservation formulae developed in Phase 1 of the LIFE project, with technical and presentational development of the models. Cloudlake Consulting Oy carried out this evaluation.  The major conclusions are on page 16:

All in all there seem to be two major application areas for the LIFE models:

  • Institutional repositories, which span a range of object types that are likely to populate the IR of a particular university.
  • Specialised collections of national libraries and similar organisations, which have a national and sometimes legal obligation to long-term archiving.
In the latter case it seems more sensible to apply the model to individual collections than to
the totality of objects stored in say a national library.
In such a case it is important for a national library, which works within budget restrictions, to be able to compare the long term preservation costs of different collections, in order to make informed priority decisions. This is in contrast with the Institutional Repository Case.
An important point which could have far-reaching consequences for the parameters of the
model is how institutional repositories (which are numerous) are going to solve the
preservation management issue. In contrast to national institutions such as the British Library,
universities would gain very obvious benefits from sharing resources for preservation, for
instance via consortia, outsourcing, using external service providers etc. A good case is for instance the technology watch function included in the model. One can argue if there is a need for every university to
duplicate this effort. A more sensible approach would be for certain service providers to
assume the responsibility for issuing guidelines.

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