23151
Author
Michalski, Stefan
Editor
Bridgland, Janet
Title Of Article Chaper
Social discount rate: modelling collection value to future generations, and understanding the difference between short-term and long-term preservation actions
Title Of Journal Book
ICOM Committee for Conservation, ICOM-CC, 15th Triennial Conference New Delhi, 22-26 September 2008: preprints
Pages
751-758
Publisher
Allied Publishers PVT
Publisher City
New Delhi
ISBN
9.79E+12
Language Of Text
English
Literature Type
Monograph : Proceedings
Literature Level
Monographic
Meeting
ICOM Committee for Conservation, ICOM-CC (2008 : 15th : New Delhi)
Meeting City
New Delhi
Meeting Country
India
Abstract
CCI is developing a computer model of collection value, in order to clarify risk based decision making. A fundamental design issue is the accrual of value over time, and the weighting of the future by the “social discount curve”. In the process of exploring this problem, the history of ideas in utilitarian moral philosophy over the last 200 years was found to provide useful clarity and terminology. An <i>Analytica</i> model of collection value over time is presented, with a preliminary study of the role of discount rate and multiple values on preservation decisions.
Keywords
collections; risk; benefit; utilitarianism; discount rate; <i>Analytica</i>
pub_id
23151
Meeting Date
20080922-20080926