Setting Up Volume Sets and Volumes for Logical-Log Backup (ON-Archive)
Use
Before you can back up the logical log of your Informix database, you must define at least one volume set and volume.
Procedure
Backing Up the Logical Log in the DBA Planning Calendar (Informix)
Backing Up the Logical Log (Automatic) in the DBA Planning Calendar (Informix)
You can use the SAP scripts arcprep and arcvolum (see final step in this procedure), as they create tape-based volume sets. The number of volumes required in a tape-based volume set for logical-log backup depends on how large your logical log is and your tape retention cycle (that is, how long you plan to keep the backup tapes before they are overwritten – this should be 28 days or longer).
A disk-based volume set is used as a temporary storage area for continuous backup. You should define a single volume in the disk volume set LOGDIR . You do not need to have more than one volume for a disk volume set, unlike tape volume sets that typically contain more than one volume (that is, tape).
Your disk-based volume must be able to accommodate at least the entire logical log. SAP recommends that you have approximately one GB storage in the directory containing the volume. This is normally more than enough for one save set (typically around 400 MB, that is, 40 logical-log files of 10 MB each). One GB enables you to store two save sets easily, in case you fail to get the first save set copied to tape before the next backup.

SAP recommends you to use tape-based continuous backup. See Choosing Continuous Logical-Log Backup (ON-Archive).
You should use the SAP scripts since they help you to define the required volume sets and volumes on tape, as follows:
Refer to Setting Up Volume Sets and Volumes for ON-Archive with SAP Scripts.
Refer to Setting Up Volume Sets and Volumes for ON-Archive Without SAP Scripts. If you are backing up to a temporary storage area on disk, then you must define the volume set yourself.
Result
You have set up volume sets and volumes, which is an essential requirement for logical-log backup.
See also:
Informix documentation