i've come up with a reasonable way to rank/rate the ICC's teams. its not perfect, but it incorporates a few things that the ICC seems to ignore:
1) away wins should count slightly more heavily than home wins
2) instead of ratings changing on a match by match basis, it is perhaps better if they change on a series by series basis (makes calculation simpler).
3) any whitewash of 2-0 or greater should garner "bonus" points.
4) points lost and gained should always be zero sum
I have yet to acctually calculate the ratings, and I'm still not sure how to incorporate the associates in a meaningful, yet fully integrated fashion (if anyone has any suggestions, please come forward).
But I will consider all matches since the last world cup, and compare it with the ICC's official ratings to see how it stacks up.
Cricket cannot live with the mistaken belief that people want to see big hits. People like to see goals, but no one is talking of moving the goalposts a metre wider either side. (Harsha Bhogle)