Sensitivity of university rankings: implications of stochastic dominance efficiency analysis

Pinar, Mehmet, Milla, Joniada and Stengos, Thanasis (2018) Sensitivity of university rankings: implications of stochastic dominance efficiency analysis. Education Economics. ISSN 0964-5292 DOI https://doi.org/10.1080/09645292.2018.1512560

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Abstract

To create their rankings, university-ranking agencies usually combine multiple performance measures into a composite index. However, both rankings and index scores are sensitive to the weights assigned to performance measures. This paper uses a stochastic dominance efficiency methodology to obtain two extreme, case-weighting vectors using the Academic Ranking of Worldwide Universities (ARWU) and Times Higher Education (THE) data, both of which lead to the highest and lowest index outcomes for the majority of universities. We find that both composite scores and rankings are very sensitive to weight variations, especially for middle- and low-ranked universities.

Item Type: Article
Uncontrolled Keywords: University rankings, higher education, nonparametric stochastic dominance efficiency, mixed integer programming
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
Divisions: Business and Management
Date Deposited: 30 Aug 2018 16:02
URI: http://repository.edgehill.ac.uk/id/eprint/10570

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