Following an explanation of cost-effective studies and the need for them in libraries, part one of this report provides step-by-step instructions, with examples, to enable librarians to conduct such studies in their own setting. Part two provides an example of the use of the model, presenting the results of the cost analysis of monographic cataloging of new materials in the libraries of Virginia Polytechnic Institute and State University (VPI&SU). The manual cataloging system in use at VPI&SU is described and the cost of each component is discussed in detail according to procedures given in part one. Finally, costs of both speed and original monograph cataloging are summarized. The results are discussed in terms of absolute and available alternatives. (Author/SL)