SELECTED SCIENCE AND TECHNOLOGY E-JOURNAL’S PRICE ESCALATION: A CASE STUDY

Abstract

Ever increasing electronic journal price is a major concern for libraries. To find best e-journals that disseminate quality information to users is a challenge. An attempt is made in this study to find the price increase in selected e-journals subscription during the period 2015 to 2018. The aim is to understand price increase range over the period and the average percentage of price increase. In the library database, price data of 34 foreign e-journals from the year 2014 to 2018 were obtained; and Excel spreadsheet was used to calculate the increases in subscription price. The analysis found that overall subscription price increase from 2015 to 2018 was about 20.28%. The average increase per year was 5.07%.  The price fluctuation range was from -3.54 to 18.42 percentages. The result of this study helps to estimate the budget requirements and to manage journal subscription and renewal processes effectively.