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This paper proposes a highly efficient quantum algorithm for portfolio optimisation targeted at near-term noisy intermediate-scale quantum computers. Recent work by Hodson et al. (2019) explored potential application of hybrid…

Quantum Physics · Physics 2021-07-29 N. Slate , E. Matwiejew , S. Marsh , J. B. Wang

We present a quantum chemistry benchmark for noisy intermediate-scale quantum computers that leverages the variational quantum eigensolver, active space reduction, a reduced unitary coupled cluster ansatz, and reduced density purification…

Quantum computing is an advanced area of computing that leverages the principles of quantum mechanics. Quantum computing holds the potential to revolutionize various fields by handling problems that are currently intractable for classical…

Quantum Physics · Physics 2024-10-28 Xiaoan Lin

The effects of noise are one of the most important factors to consider when it comes to quantum computing in the noisy intermediate-scale quantum computing (NISQ) era that we are currently in. Therefore, it is important not only to gain…

Quantum Physics · Physics 2025-08-07 T. Piskor , M. Schöndorf , M. Bauer , D. Smith , T. Ayral , S. Pogorzalek , A. Auer , M. Papič

A universal fault-tolerant quantum computer holds the promise to speed up computational problems that are otherwise intractable on classical computers; however, for the next decade or so, our access is restricted to noisy intermediate-scale…

Quantum Physics · Physics 2023-02-22 Archismita Dalal , Amara Katabarwa

The recently developed Projective Quantum Eigensolver (PQE) has been demonstrated as an elegant methodology to compute the ground state energy of molecular systems in Noisy Intermdiate Scale Quantum (NISQ) devices. The iterative…

Quantum Physics · Physics 2023-03-21 Sonaldeep Halder , Chayan Patra , Dibyendu Mondal , Rahul Maitra

NP-hard problems are not believed to be exactly solvable through general polynomial time algorithms. Hybrid quantum-classical algorithms to address such combinatorial problems have been of great interest in the past few years. Such…

Quantum Physics · Physics 2024-01-15 Yagnik Chatterjee , Eric Bourreau , Marko J. Rančić

We present a detailed study of portfolio optimization using different versions of the quantum approximate optimization algorithm (QAOA). For a given list of assets, the portfolio optimization problem is formulated as quadratic binary…

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

This paper introduces Witnessed Quantum Time Evolution (WQTE), a novel quantum algorithm for efficiently computing the eigen-energy spectra of arbitrary quantum systems without requiring eigenstate preparation-a key limitation of…

Quantum Physics · Physics 2026-03-19 Qing-Xing Xie , Zidong Lin , Yun-Long Liu , Yan Zhao

Near-term quantum computers will be limited in the number of qubits on which they can process information as well as the depth of the circuits that they can coherently carry out. To-date, experimental demonstrations of algorithms such as…

Chemical Physics · Physics 2023-10-18 Joel Bierman , Yingzhou Li , Jianfeng Lu

The hardware requirements of useful quantum algorithms remain unmet by the quantum computers available today. Because it was designed to soften these requirements, the Variational Quantum Eigensolver (VQE) has gained popularity as a…

Quantum Physics · Physics 2022-12-09 Mafalda Ramôa

The variational quantum eigensolver (or VQE) uses the variational principle to compute the ground state energy of a Hamiltonian, a problem that is central to quantum chemistry and condensed matter physics. Conventional computing methods are…

Noisy intermediate-scale quantum (NISQ) devices offer unique platforms to test and evaluate the behavior of non-fault-tolerant quantum computing. However, validating programs on NISQ devices is difficult due to fluctuations in the…

Quantum Physics · Physics 2022-01-10 Megan L. Dahlhauser , Travis S. Humble

We present a hardware-efficient optimization scheme for quantum chemistry calculations, utilizing the Sampled Quantum Diagonalization (SQD) method. Our algorithm, optimized SQD (SQDOpt), combines the classical Davidson method technique with…

Quantum Physics · Physics 2025-03-05 Nora Bauer , Kübra Yeter-Aydeniz , George Siopsis

This paper introduces a noise-aware distributed Quantum Approximate Optimization Algorithm (QAOA) tailored for execution on near-term quantum hardware. Leveraging a distributed framework, we address the limitations of current Noisy…

Quantum Physics · Physics 2024-08-12 Kuan-Cheng Chen , Xiatian Xu , Felix Burt , Chen-Yu Liu , Shang Yu , Kin K Leung

In this paper, we present QPack, a universal benchmark for Noisy Intermediate-Scale Quantum (NISQ) computers based on Quantum Approximate Optimization Algorithms (QAOA). Unlike other evaluation metrics in the field, this benchmark evaluates…

Emerging Technologies · Computer Science 2022-04-20 Koen Mesman , Zaid Al-Ars , Matthias Möller

Noise and imperfections are among the prevalent challenges in quantum software engineering for current NISQ systems. They will remain important in the post-NISQ area, as logical, error-corrected qubits will be based on software mechanisms.…

Quantum Physics · Physics 2025-09-17 Stefan Raimund Maschek , Jürgen Schwitalla , Maja Franz , Wolfgang Mauerer

We propose a modification of the Variational Quantum Eigensolver algorithm for electronic structure optimization using quantum computers, named non-unitary Variational Quantum Eigensolver (nu-VQE), in which a non-unitary operator is…

As Noisy Intermediate-Scale Quantum (NISQ) devices grow in number of qubits, determining good or even adequate parameter configurations for a given application, or for device calibration, becomes a cumbersome task. An evolutionary algorithm…

Quantum Physics · Physics 2021-07-15 Luke Mortimer , Marta P. Estarellas , Timothy P. Spiller , Irene D'Amico