A Study of Entrepreneur and Innovative University Index by Entropy-Based Grey Relational Analysis and PROMETHEE

Abstract

In recent years, the concept of entrepreneurial and innovative universities has gained widespread prominence. Many universities have been paying more attention to being entrepreneurial and innovative by improving their organizational systems, advancing their infrastructure, and increasing financial support. Since numerous criteria with different weights exist, ranking universities based on entrepreneurial and innovative performance can be considered a multi-criteria decision-making (MCDM) problem. This article aims to investigate how different multi-criteria decision-making methods with different criterion weights can affect university rankings and to highlight the reasons that contribute to these differences. In this scope, Grey Relational Analysis (GRA) and Preference Ranking Organization Method for Enrichment Evaluation (PROMETHEE) methods were used to rank and compare the universities in T & uuml;rkiye according to the 2022 Entrepreneur and Innovative University Index (EIUI). In addition to the current weights of each EIUI dimension, entropy-based weights and equal weights were used in MCDM methods. Three ranking approaches with varying weights provided different rankings for universities. The effect of criterion weights was found to be more important in the ranking difference than the method used. The ranks for universities coded U1 and U2 as the most entrepreneurial and innovative universities remained the same. In addition, the performance of each university according to each dimension was evaluated graphically using the GAIA plane to enable them to identify areas for improvement in their rankings.