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Quantum algorithms have gained increasing attention for addressing complex combinatorial problems in finance, notably portfolio optimization. This study systematically benchmarks two prominent variational quantum approaches, Variational…

Quantum Physics · Physics 2025-12-05 Nouhaila Innan , Ayesha Saleem , Alberto Marchisio , Muhammad Shafique

The quantum approximate optimization algorithm (QAOA) promises to solve classically intractable computational problems in the area of combinatorial optimization. A growing amount of evidence suggests that the originally proposed form of the…

Quantum Physics · Physics 2022-05-04 Michelle Chalupnik , Hans Melo , Yuri Alexeev , Alexey Galda

The computational capabilities of near-term quantum computers are limited by the noisy execution of gate operations and a limited number of physical qubits. Hybrid variational algorithms are well-suited to near-term quantum devices because…

Quantum Physics · Physics 2024-10-09 Teague Tomesh , Nicholas Allen , Daniel Dilley , Zain Saleem

This document is a pdf version of the series of blogposts about variational quantum algorithms (VQA) I originally posted on my blog Musty Thoughts. It provides an explanation of the basic variational algorithms, such as Variational Quantum…

Quantum Physics · Physics 2024-02-27 Michał Stęchły

The quantum approximate optimization algorithm (QAOA) has become a cornerstone of contemporary quantum applications development. In QAOA, a quantum circuit is trained -- by repeatedly adjusting circuit parameters -- to solve a problem.…

Quantum Physics · Physics 2021-08-17 V. Akshay , D. Rabinovich , E. Campos , J. Biamonte

Traffic optimization on roads is a highly complex problem, with one important aspect being minimization of traffic congestion. By mapping to an Ising formulation of the traffic congestion problem, we benchmark solutions obtained from the…

The Quantum Approximate Optimization Algorithm (QAOA) uses a quantum computer to implement a variational method with $2p$ layers of alternating unitary operators, optimized by a classical computer to minimize a cost function. While rigorous…

Quantum Physics · Physics 2024-11-19 Raimel A. Medina , Maksym Serbyn

Quantum technology provides a ground-breaking methodology to tackle challenging computational issues in power systems, especially for Distributed Energy Resources (DERs) dominant cyber-physical systems that have been widely developed to…

Quantum Physics · Physics 2022-04-05 Hang Jing , Ye Wang , Yan Li

Quadratic unconstrained binary optimization (QUBO) tasks are very important in chemistry, finance, job scheduling, and so on, which can be represented using graph structures, with the variables as nodes and the interaction between them as…

Quantum Physics · Physics 2024-04-10 Yuhan Huang , Ferris Prima Nugraha , Siyuan Jin , Yichi Zhang , Bei Zeng , Qiming Shao

This paper presents the Maximum Amplification Optimisation Algorithm (MAOA), a novel quantum algorithm designed for combinatorial optimisation in the restricted circuit depth context of near-term quantum computing. The MAOA first produces a…

Quantum Physics · Physics 2022-06-02 Tavis Bennett , Jingbo B. Wang

Quantum Computing promises to solve complex combinatorial optimization problems more efficiently than classical methods, with the Quantum Approximate Optimization Algorithm (QAOA) being a leading candidate. Recent fixed-parameter variations…

Quantum Physics · Physics 2026-03-04 Rodrigo Coelho , Georg Kruse , Jeanette Miriam Lorenz

The quantum approximate optimization algorithm (QAOA) is considered to be one of the most promising approaches towards using near-term quantum computers for practical application. In its original form, the algorithm applies two different…

Quantum Physics · Physics 2021-04-08 Mauro E. S. Morales , Jacob Biamonte , Zoltán Zimborás

The quantum approximate optimization algorithm (QAOA) has emerged as a promising candidate for demonstrating quantum advantage on noisy intermediate-scale quantum (NISQ) devices. While various QAOA parameterization schemes exist, ranging…

Quantum Physics · Physics 2026-05-05 Evan Camilleri , André Xuereb , Tony J. G. Apollaro , Mirko Consiglio

The aircraft loading optimization problem is a computationally hard problem with the best known classical algorithm scaling exponentially with the number of objects. We propose a quantum approach based on a multi-angle variant of the QAOA…

Quantum devices use qubits to represent information, which allows them to exploit important properties from quantum physics, specifically superposition and entanglement. As a result, quantum computers have the potential to outperform the…

Quantum Physics · Physics 2024-02-14 Abhijeet Ghoshal , Yan Li , Syam Menon , Sumit Sarkar

The Quantum approximate optimization algorithm (QAOA) is one of the most promising candidates for achieving quantum advantage through quantum-enhanced combinatorial optimization. In a typical QAOA setup, a set of quantum circuit parameters…

Quantum Physics · Physics 2021-06-15 Alexey Galda , Xiaoyuan Liu , Danylo Lykov , Yuri Alexeev , Ilya Safro

Variational quantum algorithms (VQAs) have demonstrated considerable potential in solving NP-hard combinatorial problems in the contemporary near intermediate-scale quantum (NISQ) era. The quantum approximate optimisation algorithm (QAOA)…

Quantum Physics · Physics 2024-05-09 Boy Choy , David J. Wales

Solving combinatorial optimization problems on near-term quantum devices has gained a lot of attraction in recent years. Currently, most works have focused on single-objective problems, whereas many real-world applications need to consider…

Quantum Physics · Physics 2025-06-06 Linus Ekstrom , Hao Wang , Sebastian Schmitt

The quantum approximate optimization algorithm (QAOA) applies two Hamiltonians to a quantum system in alternation. The original goal of the algorithm was to drive the system close to the ground state of one of the Hamiltonians. This paper…

Quantum Physics · Physics 2018-12-31 Seth Lloyd

The Quantum Approximate Optimization Algorithm (QAOA) is a variational quantum algorithm that can be used to approximately solve combinatorial optimization problems. However, a major limitation of QAOA is that it is a "local" algorithm for…

Quantum Physics · Physics 2025-04-10 Quinn Langfitt , Reuben Tate , Stephan Eidenbenz