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Leimkuhler, Ferdinand F. – 1969
The cost of an item of information in a storage system is defined as the sum of an initial cost, a time dependent cost, and a usage cost. Item usage is assumed to follow a simple exponential obsolescence pattern. A decision rule for the economic holding time of an item in storage is derived from the model and based on a policy of minimizing the…
Descriptors: Costs, Information Storage, Information Systems, Libraries