John V. Lombardi , Elizabeth D. Capaldi and Craig W. Abbey:

Those of us who inhabit the core of the university’s academic environment share the enthusiasm for measuring and evaluating the quality of our institutions, although we have less enthusiasm for the endless ranked lists that appear in popular publications.
While some dote on the U.S. News rankings, which like their BCS counterpart rely on hugely unreliable opinion surveys, we, however, prefer our own system for evaluating the Top American Research Universities that recognizes the importance of successful performance among highly competitive institutions without requiring a simple top to bottom ranking that often distorts more than it informs.
For over ten years, The Center for Measuring University Performance, now located at Arizona State University, has produced an annual report on the Top American Research Universities that uses objective data on nine measures to put universities into categories according to their performance.