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Trends in NPSS Finances II: Free Personal Subscriptions and Publications Income

Trends in NPSS Finances II: Free Personal Subscriptions and Publications Income. Sources of NPSS Operating Income. 2006. 2007. Reason for this Report • AdCom voted to give our members free access to our journals and conference pubs beginning in 2007

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Trends in NPSS Finances II: Free Personal Subscriptions and Publications Income

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  1. Trends in NPSS Finances II: Free Personal Subscriptions and Publications Income

  2. Sources of NPSS Operating Income 2006 2007

  3. Reason for this Report • AdCom voted to give our members free access to our journals and conference pubs beginning in 2007 • NPSS journal income is ~40% of our total income— ~$720K in 2007 budget • 55% of journal income is based on institutional usage of electronic access to our pubs • Any substitution of personal for institutional usage will reduce our future journal income

  4. Periodicals Package On-Line (ASPP/IEL) Algorithm • ASPP income plus half of IEL income [the journal share] is distributed to the Societies based on: - Usage (55%):Article views of online contentby institutional subscribers - Content (35%): Content (# of articles) by calendar year for each title (value scaled in some way) - Base (10%): Societies/Councils providing content to IEEE Xplore receive a base distribution. • The other 1/2 of IEL income uses a page-based conference pubs algorithm, but may change. • Any decreased usage in 2007, based on our new membership benefit, will show up in our 2008 income.

  5. Effect of Free Personal Access to NPSS Pubs • NPSS $25 annual dues brings in ~$40K/yr. • This is 10% of our recent usage-based journal income of ~$400K per year. • A 10% reduction in institutional access to TPS and TNS could cancel out our entire dues income. • For 2006, institutional access fraction was 94.4% for TNS and 97.0% for TPS. • But how much is this likely to change? Hard to predict, but it can be tracked using IEEE statistics

  6. Conference Publications Algorithm • 1/2 of IEL income is distributed based on number of conference pubs pages published per year • This algorithm uniquely favors NPSS but will likely change to a usage-based algorithm in the future. • A proposed new algorithm, based 65% on institutional usage, was recently tested—it reduced our 2005 income from $657.9K to $249.2K, a reduction of $408.7K or 62%. • Reduced institutional usage could magnify this effect.

  7. Conclusions • The personal usage effect on our overall financial balance is likely to be relatively small, but could cancel out our net dues revenue • We should track this by watching the ratio of institutional to personal access to our journal articles. • This discussion may become moot, if IEEE policy on free membership access eliminates our new benefit • In the longer term, the biggest effect on our income is likely to result from a change to the conference pubs algorithm

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