Personal profile


Bing Xu is an Associate Professor in Finance at the Heriot-Watt University. She holds a MA (Hons) in Business Studies and Accounting and a PhD in Management both from the University of Edinburgh. Previously, she worked at the Robert Gordon University as a Lecturer in Finance.

Research interests

Bing’s research concerns banking and finance, energy economics, applied energy, Data Envelopment Analysis and Multi-criteria Decision Making Analysis. She has also worked on a number of external funded research projects on the design of multidimensional frameworks for performance evaluation of competing energy strategies, and collaborated with a wide range of industrial and government partners (e.g., E-harbours; Efficient Sustainable Energy Management with the Abattoir and Dairy industries in Scotland). Currently, Bing is working on an EPSRC funded project on low carbon aviation biofuel through integration of novel technologies for co-valorisation of CO2 and biomass (EP/N009924/1), and she is the work package 5 leader on Energy Policy and Public Engagement.

Bing has published in journals such as Applied Energy, Energy Economics, Energy Journal, Transportation Research Part A: Policy and Practice and Expert Systems with Applications, Applied Economics, Economics Letter, Journal of Financial Stability, International Review of Financial Analysis, among others. Bing is interested in supervising PhD students in banking, energy economics and decision making analysis.

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Research Output 2011 2018

  • 15 Article
  • 3 Chapter (peer-reviewed)
  • 1 Discussion paper

A DSS for Designing an MCDA Study with Application in Performance Evaluation of Forecasting Models

Ouenniche, J., Xu, B. & Pérez-Gladish, B. 2018 Financial Decision Aid Using Multiple Criteria: Recent Models and Applications. Masri, H., Pérez-Gladish, B. & Zopounidis, C. (eds.). Springer, p. 19-48 (Multiple Criteria Decision Making)

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)

Performance evaluation

DEA in performance evaluation of crude oil prediction models

Ouenniche, J., Xu, B. & Tone, K. 6 May 2017 Advances in DEA Theory and Applications: With Extensions to Forecasting Models. Tone, K. (ed.). John Wiley and Sons Ltd, p. 381-403

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)

Prediction model
forecast procedure
Performance evaluation

Oil Prices and Informational Frictions: The Time-Varying Impact of Fundamentals and Expectations

Byrne, J. P., Lorusso, M. & Xu, B. Jun 2017 (CEERP Working Paper; no. 6)

Research output: Working paperDiscussion paper

oil price

Ranking of bankruptcy prediction models under multiple criteria

Ouenniche, J., Mousavi, M. M., Xu, B. & Tone, K. 6 May 2017 Advances in DEA Theory and Applications: With Extensions to Forecasting Models. Tone, K. (ed.). John Wiley and Sons Ltd, p. 357-380

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)

forecast procedure

Assessing Energy Business Cases Implemented in the North Sea Region and Strategy Recommendations

Xu, B., Nayak, A., Gray, D. & Ouenniche, J. 15 Jun 2016 In : Applied Energy. 172, p. 360-371 12 p.

Research output: Contribution to journalArticle

Open Access
energy supply

Activities 2012 2012

  • 1 Participation in workshop, seminar, course
  • 1 Invited talk


Xu, B. (Speaker)
6 Sep 2012

Activity: Participation in workshop, seminar, course