How to evaluate rankings of academic entities using test data

In the field of scientometrics, impact indicators and ranking algorithms are frequently evaluated using unlabelled test data comprising relevant entities (e.g., papers, authors, or institutions) that are considered important. The rationale is that the higher some algorithm ranks these entities, the better its performance. To compute a performance score for an algorithm, an evaluation measure is required to translate the rank distribution of the relevant entities into a single-value performance score. Until recently, it was simply assumed that taking the average rank (of the relevant entities) is an appropriate evaluation measure when comparing ranking algorithms or fine-tuning algorithm parameters.