A Simple stochastic Model for Library loans

@article{Burrell1980ASS,
  title={A Simple stochastic Model for Library loans},
  author={Quentin L. Burrell},
  journal={Journal of Documentation},
  year={1980},
  volume={36},
  pages={115-132}
}
A simple stochastic model for the borrowing of books from a library collec­ tion is proposed which explains some observed circulation frequency distributions. Use of the model requires the specification of just two para­ meters which may be calculated from the circulation statistics for a fixed period of time. These allow one then to make predictions regarding the patterns of likely future usage, and should assist therefore in determining the impact of any proposed relegation policy. The… CONTINUE READING

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