The development and application of a unique percentage-based allocations formula at the University of Windsor

This article summarizes the literature concerning allocation formulas and outlines the development and application of a percentage-based allocation formula as part of the monograph budget at the University of Windsor. It outlines the elements of the formula, the rationale for selecting those elements and a review of the allocation formula after the first year of implementation. Unique to our formula are two elements: we selected to use the actual book price paid and to use circulation data from the actual book funds.