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The Quantum Approximate Optimization Algorithm (QAOA) is designed to run on a gate model quantum computer and has shallow depth. It takes as input a combinatorial optimization problem and outputs a string that satisfies a high fraction of…

Quantum Physics · Physics 2019-10-22 Edward Farhi , Aram W Harrow

Combinatorial optimization problems on graphs have broad applications in science and engineering. The Quantum Approximate Optimization Algorithm (QAOA) is a method to solve these problems on a quantum computer by applying multiple rounds of…

The ability of the Quantum Approximate Optimization Algorithm (QAOA) to deliver a quantum advantage on combinatorial optimization problems is still unclear. Recently, a scaling advantage over a classical solver was postulated to exist for…

Quantum Physics · Physics 2024-12-02 Thorge Müller , Ajainderpal Singh , Frank K. Wilhelm , Tim Bode

Portfolio optimization (PO) is extensively employed in financial services to assist in achieving investment objectives. By providing an optimal asset allocation, PO effectively balances the risk and returns associated with investments.…

Quantum Physics · Physics 2024-07-09 Zhijie Tang , Alex Lu Dou , Arit Kumar Bishwas

Quantum computing is an emerging field on the multidisciplinary interface between physics, engineering, and computer science with the potential to make a large impact on computational intelligence (CI). The aim of this paper is to introduce…

In this note, we describe an experiment on portfolio optimization using the Quadratic Unconstrained Binary Optimization (QUBO) formulation. The dataset we use is taken from a real-world problem for which a classical solution is currently…

We propose a machine learning based approach to accelerate quantum approximate optimization algorithm (QAOA) implementation which is a promising quantum-classical hybrid algorithm to prove the so-called quantum supremacy. In QAOA, a…

Emerging Technologies · Computer Science 2020-04-07 Mahabubul Alam , Abdullah Ash-Saki , Swaroop Ghosh

Combinatorial optimization is among the main applications envisioned for near-term and fault-tolerant quantum computers. In this work, we consider a well-studied quantum algorithm for combinatorial optimization: the Quantum Approximate…

Quantum Physics · Physics 2020-11-12 Sami Boulebnane

Portfolio optimization plays a central role in finance to obtain optimal portfolio allocations that aim to achieve certain investment goals. Over the years, many works have investigated different variants of portfolio optimization.…

Quantum Physics · Physics 2023-02-01 Debbie Lim , Patrick Rebentrost

This research explores the integration of the Quantum Approximate Optimization Algorithm (QAOA) into Hybrid Quantum-HPC systems for solving the Max-Cut problem, comparing its performance with classical algorithms like brute-force search and…

Quantum Physics · Physics 2024-10-22 Ishan Patwardhan , Akhil Akkapelli

The prospect of using quantum computers to solve combinatorial optimization problems via the quantum approximate optimization algorithm (QAOA) has attracted considerable interest in recent years. However, a key limitation associated with…

Quantum Physics · Physics 2023-01-05 Alicia B. Magann , Kenneth M. Rudinger , Matthew D. Grace , Mohan Sarovar

The promise of quantum computing to address complex problems requiring high computational resources has long been hindered by the intrinsic and demanding requirements of quantum hardware development. Nonetheless, the current state of…

Quantum Physics · Physics 2024-07-10 Daniel F Perez-Ramirez

The quantum approximate optimization algorithm (QAOA) is a promising method for solving certain classical combinatorial optimization problems on near-term quantum devices. When employing the QAOA to 3-SAT and Max-3-SAT problems, the quantum…

Quantum Physics · Physics 2023-06-07 Yunlong Yu , Chenfeng Cao , Xiang-Bin Wang , Nic Shannon , Robert Joynt

The quantum approximate optimization algorithm (QAOA) is a hybrid quantum-classical variational algorithm that offers the potential to handle combinatorial optimization problems. Introducing constraints in such combinatorial optimization…

Quantum Physics · Physics 2021-12-15 Santosh Kumar Radha

In this paper we show how to implement in a simple way some complex real-life constraints on the portfolio optimization problem, so that it becomes amenable to quantum optimization algorithms. Specifically, first we explain how to obtain…

Portfolio Management · Quantitative Finance 2021-08-23 Samuel Palmer , Serkan Sahin , Rodrigo Hernandez , Samuel Mugel , Roman Orus

Portfolio optimization is a cornerstone of financial decision-making, traditionally relying on classical algorithms to balance risk and return. Recent advances in quantum computing offer a promising alternative, leveraging quantum…

Quantum Physics · Physics 2025-11-27 Vicente P. Soloviev , Michal Krompiec

Quantum variational algorithms have garnered significant interest recently, due to their feasibility of being implemented and tested on noisy intermediate scale quantum (NISQ) devices. We examine the robustness of the quantum approximate…

Quantum Physics · Physics 2019-11-05 Yulong Dong , Xiang Meng , Lin Lin , Robert Kosut , K. Birgitta Whaley

We present a quantum algorithm for portfolio optimization. We discuss the market data input, the processing of such data via quantum operations, and the output of financially relevant results. Given quantum access to the historical record…

Quantum Physics · Physics 2018-11-12 Patrick Rebentrost , Seth Lloyd

We implement two Quantum Approximate Optimisation Algorithm (QAOA) variants for a battery revenue optimisation problem, equivalent to the weakly NP-hard Knapsack Problem. Both approaches investigate how to tackle constrained problems with…

Emerging Technologies · Computer Science 2019-08-16 Pierre Dupuy de la Grand'rive , Jean-Francois Hullo

The Quantum Approximate Optimization Algorithm (QAOA) is a well-known hybrid quantum-classical algorithm for combinatorial optimization problems. Improving QAOA involves enhancing its approximation ratio while addressing practical…

Quantum Physics · Physics 2025-02-07 Yukun Wang , ZeYang Li , Linchun Wan