ARWU vs. Alternative ARWU Ranking: What are the Consequences for Lower Ranked Universities?

  • Milica Maričić University of Belgrade, Faculty of Organizational Sciences, Serbia
  • Nikola Zornić University of Belgrade, Faculty of Organizational Sciences
  • Ivan Pilčević South Stream B.V., The Netherlands
  • Aleksandra Dačić-Pilčević British American Tobacco, The Netherlands

Abstract

The ARWU ranking has been a source of academic debate since its development in 2003, but the same does not account for the Alternative ARWU ranking. Namely, the Alternative ARWU ranking attempts to reduce the influence of the prestigious indicators Alumni and Award which are based on the number of received Nobel Prizes and Fields Medals by alumni or university staff. However, the consequences of the reduction of the two indicators have not been scrutinized in detail. Therefore, we propose a statistical approach to the comparison of the two rankings and an in-depth analysis of the Alternative ARWU groups. The obtained results, which are based on the official data, can provide new insights into the nature of the Alternative ARWU ranking. The presented approach might initiate further research on the Alternative ARWU ranking and on the impact of university ranking’s list length.
JEL Classification: C10, C38, I23

Author Biographies

Milica Maričić, University of Belgrade, Faculty of Organizational Sciences, Serbia

Milica Maričić is a teaching associate at the Department of Operations Research and Statistics at the Faculty of Organizational Sciences, University of Belgrade (UB). After graduation in 2014 at the Faculty of Organizational Sciences, she got her MSc at the same faculty, where she specialized in business analytics and statistics. Currently, she is on her PhD studies at the Faculty of Organizational Sciences, where she is studying Quantitative management with special interest in computational and applied statistics.

Nikola Zornić, University of Belgrade, Faculty of Organizational Sciences

Nikola Zornić is a teaching associate at the Department of Management at the Faculty of Organizational Sciences, University of Belgrade. After graduation in 2013 at the Faculty of Organizational Sciences, he got his MSc at the same Faculty, where he specialized in business intelligence and decision making. Currently, he is on his PhD studies at the Faculty of Organizational Sciences, where he is studying Quantitative management with special interest in simulation models.

Ivan Pilčević, South Stream B.V., The Netherlands

Ivan Pilčević works in South Stream B.V. company for gas pipeline design and construction. Ivan is IT professional with more than 10 years of experience in managing ERP (SAP), CRM, WMS implementation, TM&D systems integration and IT services. His current professional interests are related to IT services and business processes and design and IT systems implementation.

Aleksandra Dačić-Pilčević, British American Tobacco, The Netherlands

Aleksandra Dačić-Pilčević is senior IT Manager with 11 years of Information Technology management experience in British American Tobacco - international world's second-biggest tobacco company. Her current professional interests are: electronic business, IT systems implementation, IT project management.

Published
2017-05-16
How to Cite
Maričić, M., Zornić, N., Pilčević, I., & Dačić-Pilčević, A. (2017). ARWU vs. Alternative ARWU Ranking: What are the Consequences for Lower Ranked Universities?. Management: Journal Of Sustainable Business And Management Solutions In Emerging Economies, 22(1), 1-14. doi:10.7595/management.fon.2017.0002
Section
Articles