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Economic evaluation of LIFE methodology

Abstract

Background: The LIFE project (Lifecycle Information For E-Literature) was carried out during 2004-2006 by a consortium consisting of The British Library and University College London Library Services . The project was joint venture funded by JISC under the programme area Institutional Management Support and Collaboration. The project has received favourable feedback, for instance during a workshop organised at the end of it, and JISC has agreed to fund a second phase during 2007-2008. The consortium has been strengthened by three associate partners (SHERPA-LEAP Consortium, SHERPA-DP and the Medical Research Council). In addition some funds were reserved for the use of an outside economic consultant for an evaluation of the life-cycle models that emerged as the key results from the first phase. The LIFE-2 project consists of five work packages, and this report is part of the first of these. The objective of WP 1 is formulated in the LIFE 2 Project proposal as follows: 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 has been commissioned by the consortium to carry out this validation. The report has been written by Bo-Christer Björk. He is professor of Information Systems Science at the Swedish School of Economics and Business Administration in Helsinki, Finland. He has been conducting research concerning the scientific publishing process since 2000 and has published several peer reviewed journal articles as well as conference papers on the subject. He is often an invited speaker at international workshops in this area

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