Abstract—The purpose of this study was to introduce an
alternative multicriteria decision making methodology for
ranking the best online business programs. The Extended
VIKOR (Vise Kriterijumska Optimizacija I Kompromisno
Resenje) algorithm was used in order to strengthen the ranking
methodology created by U.S. News & World Report and also
make the sensitivity analysis of the results. The findings
demonstrated that VIKOR algorithm is remarkably successful
to determine the best programs which have acceptable
advantage or stability in the ranking related to different criteria
weights.
Index Terms—Distance education, MBA rankings,
multicriteria decision making, VIKOR method.
Seyhan Nisel is with School of Business, Istanbul University, Turkey
(e-mail: sipahi@istanbul.edu.tr).
Cite: Seyhan Nisel, "An Extended VIKOR Method for Ranking Online Graduate Business Programs," International Journal of Information and Education Technology vol. 4, no. 1, pp. 103-107, 2014.