On the performance of Indian technical institutions: a combined SOWIA-MOORA approach

Indian technical education system is facing challenges due to liberalization and globalization of Indian economy. Many foreign multinationals are focusing on India for employable talents. Many technical institutions with state of the art technologies and techniques are being set up by foreign collaboration, national and private initiatives. Therefore it is a requirement of all stakeholders to do performance evaluation and ranking these institutions. For this objective we propose a multiple criteria analysis based performance evaluation model consisting of subjective and objective weight integrated approach (SOWIA) and multiple objective optimization on the basis of ratio analysis (MOORA) method. Seven Indian Institute of Technology (IITs) have been chosen for study using the proposed model.