Six models are developed to analyze the cost options the University of California faces in providing access to academic journals. The driving force in this analysis is a movement by publishers to deliver the content of their journals via the Internet. The models assume electronic access will always be provided. Researchers like this capability because it provides speed and convenience, but they also recognize the importance of printed copies. The question is how the university should manage the print archive. In the cost models, a number of alternatives are presented. These include the status quo, where libraries continue to receive, process, bind, and store journals on their shelves, and variations such as storing material at library storage facilities, forgoing binding completely, storing journals in pamphlet boxes, keeping materials on display shelves for a limited time and then discarding them, and sending materials directly from the publisher to a library storage facility.