Library Collection Development in the Era of Open Access and Article Sharing | A Way of Happening

"...Lbraries need to reassess what journals they subscribe to and how much they are paying publishers. How do they do this? A more in-depth approach to evaluating journal usage, like CRKN’s journal usage project, is a good place to start. Using an OA adjusted cost-per use is another one. In this fascinating paper, Kristin Antelman lays out Caltech’s approach to developing a OA adjusted cost-per use to evaluate how much a library is really paying for journal subscriptions. They are using 1findr, a subscription based tool for obtaining the OA numbers. However there is an open alternative for finding OA information, Unpaywall and I’ve been working on creating a journal level OA adjusted cost per use using it....

You can start tracking whatever OA publishing and APC spending from you can and then adding it to the OpenAPC dataset. This data and the APC prices that publishers report can then be leveraged to determine how much your institution is spending on APCs with a publisher or journal...."