I am trying to describe the following situation:
$ X = \{x_i \dots x_n\} $ This is the set of all job applicants.
$Y$ is a subset of $X$ where $M = 1$. Each $x_i$ has an associated $m_i$ that can be $\{0,1\}$ representing whether or not an applicant is "hireable".
Each applicant also has an "applicant strength rating" ($\alpha_i$). $Z$ would be the set I would get if I took $Y$, ordered it in decreasing $\alpha_i$ order, and chose the top $\beta$ individuals, with $\beta > 0$.
I would like to succinctly describe set $Z$. So far, I have:
$$ \forall ~ X \in \mathbb{N}^n, ~ X=\{x_1 \dots x_n\} \\ Y \subset {X | M = 1} \\ Z ={\rm argmax}_{Y, ~ |Y|=\beta}~\sum_{y \in Y} y $$
First, I reformulate the task a bit and make it a bit more concrete.
Given is a set $X=\{x_1,\ldots,x_n\}$ of pairwise different elements, which is the set of job applicants.
We consider a map $m$: \begin{align*} &m:X\to \{0,1\}\\ &m(x_i)=m_i\qquad\qquad \qquad 1\leq i\leq n \end{align*} which determines if a job applicant is hireable (i.e. $m_i=1$).
We want to consider certain sets $Y\subseteq X$ of hireable job applicants, i.e. we consider \begin{align*} \color{blue}{Y\subseteq m^{-1}(1)=\{x\in X|m(x)=1\}\subseteq X} \end{align*} In order to appropriately select $Y$ we introduce a rating function $\alpha$: \begin{align*} &\alpha:X\to\mathbb{R_0^{+}}\\ &\alpha(x_i)=\alpha_i\qquad\qquad \qquad 1\leq i\leq n \end{align*}
Notes:
Depending on the functions $m$ and $\alpha$ there may be more than one solution which results in $Z$.
On the other hand, if there is only a small number $|m^{-1}(1)|$ of hireable job applicants, the condition on $\beta$ might be too strong, so that there is no solution at all.
Hint: The meaning of $M$ and its relationship with $X$ is not clear and is ignored in this answer. OPs notation $X\in\mathbb{N}^n$ is not admissible, since $X$ is not an ordered $n$-tuple of natural numbers.