Every year, thousands of academic institutions (universities, colleges, institutes) worldwide are evaluated for academic performance (in research and teaching) by such famous and influential rankings as QS World University Rankings, Times Higher Education (THE) World University Rankings, and Academic Ranking of World Universities (ARWU). These academic rankings are based on different subjective criteria and subjective weights attached to them. Therefore most institutions in the world (except a few top universities in USA and UK) show a wide range in their rankings (Table 1), which is problematic with correct comparison of academic performance between different institutions worldwide.
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