A flexible approach to ranking with an application to MBA Programs

Koksalan M., Buyukbasaran T., Ozpeynirci O., Wallenius J.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH, cilt.201, sa.2, ss.470-476, 2010 (SCI-Expanded) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 201 Sayı: 2
  • Basım Tarihi: 2010
  • Doi Numarası: 10.1016/j.ejor.2009.02.034
  • Dergi Adı: EUROPEAN JOURNAL OF OPERATIONAL RESEARCH
  • Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Scopus
  • Sayfa Sayıları: ss.470-476
  • Anahtar Kelimeler: Ranking, Sorting, Mixed Integer Programming, Multiple criteria, MBA Programs, DECISION-SUPPORT, PREFERENCE, ALTERNATIVES, ELICITATION, WEIGHTS
  • Orta Doğu Teknik Üniversitesi Adresli: Evet

Özet

We develop a model for flexibly ranking multi-dimensional alternatives/units into preference classes via Mixed Integer Programming. We consider a linear aggregation model, but allow the criterion weights to vary within pre-specified ranges. This allows the individual alternatives/units to play to their strengths. We illustrate the use of the model by considering the Financial Times Global MBA Program rankings and discuss the implications. We argue that in many applications neither the data nor the weights or the aggregation model itself is precise enough to warrant a complete ranking. providing an argument for sorting or what we call flexible ranking. (C) 2009 Elsevier B.V. All rights reserved.