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CPS1943 Nandish C. et al.
users. For example, one can use the proposed methodology to rank individuals
with a specific skill type like opening batsmen, middle order batsmen, fast
bowler, spinner etc. This will be particularly helpful as auctions are usually held
skill-set wise, where each subset of a certain department is considered at a
time. The proposed scoring mechanism can also be used to get an appropriate
estimate of the worth of individual players. The evaluation of optimal valuation
of a player needs further research considering the complexity and sequential
nature of the auctions.
This methodology can also be generalized to a wide spectrum of fields,
wherever there is data available in the form of repeated class-wise
observations in different coherent aspects and an efficient ranking
methodology is important. One interesting example could be the education
sector, where the prospective candidates for graduate admission are ranked
based on their performances in the past assessments. Also, one can use the
proposed methodology to obtain an ranked list of individuals as per their
intelligence based on the results from repeated IQ tests.

Acknowledgement
The authors are thankful to Dr. Arnab Chakraborty for many helpful comments
and suggestions.

References

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