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Economic and Mathematical Methods for Ranking Eastern European Universities
Gennady Osipov,Svetlana Karepova,Vadim Ponkratov,Alan Karaev,Andrey Masterov,Marina Vasiljeva 대한산업공학회 2020 Industrial Engineeering & Management Systems Vol.19 No.1
Assigning accurate qualitative ratings to Eastern European higher education institutions is critical in the face of high student mobility and competition with similar institutions in the USA, Central Europe, and Canada. This article aims to develop a methodological economic and mathematical approach to rating higher education institutions in Eastern European countries. An indicator system of the integral assessment of the education quality in Eastern Europe, considering the specific characteristics of national higher education systems, was formed during the research with the help of experts and taxonomic methods. A group of rating indicators of universities and their significance in determining the university’s ranking was substantiated. Using regression analysis, a multifactor model was developed to determine the rating of higher education institutions in the countries studied. The analysis demonstrates that the universities of Russia, the Czech Republic, and Poland are dominant in Eastern Europe. The study’s practical implementation can serve as a reference point and incentive for encouraging higher education institutions to provide a higher quality of education.