Economic Model for Long-Term Storage (EMLTS)
- Creator and Funding
- Developed by David Rosenthal.
- Status
- The latest blog post on the subject is from 2011.
- Purpose
- To predict and compare the cost of long-term storage over time.
- Information assets
- Any kind of digital asset, focus on long-term storage only, binary volume.
- Activities
- Archival Storage, Administration.
- Resources
- Total cost, no specification of capital cost or labour cost, based on experience from storage providers.
- Time
- Future—up to 100 years.
- Variables
- Uses four components: Yield Curves, Loans, Assets and Technologies with variables for purchase cost, running cost, migration cost, service time, further detailed into interest rates, decrease in storage cost per storage unit, a “short-term-ism" factor, planning horizon.
- Type of tool
- Simulation tool, based on Monte Carlo simulation, implementation unknown, maybe run on Prism.
- Availability of tool
- None. A description of the model is available online.
Further reading
- Rosenthal, D.S., Rosenthal, D.C., Miller, E.L., Adams, I.F., Storer, M.W., Zadok, E., 2012, The economics of long-term digital storage, in: Memory of the World in the Digital Age Conference, Vancouver, BC.
- Rosenthal, D., 2011, Economic model of Storage.
- Rosenthal, D., 2011, Economic model of Storage.
