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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…

Variational quantum algorithms (VQAs) are promising to demonstrate the advantage of near-term quantum computing over classical computing in practical applications, such as the maximum cut (MaxCut) problem. However, current VQAs such as the…

Quantum Physics · Physics 2025-12-23 Xiaoyang Wang , Yuexin Su , Tongyang Li

We study the Quantum Approximate Optimization Algorithm (QAOA) in the context of the Max-Cut problem. Near-term (noisy) quantum devices are only able to (accurately) execute QAOA at low circuit depths while QAOA requires a relatively high…

Quantum Physics · Physics 2023-08-24 Reuben Tate , Majid Farhadi , Creston Herold , Greg Mohler , Swati Gupta

The Quantum Approximate Optimization Algorithm (QAOA) has emerged as a promising approach for solving NP hard combinatorial optimization problems on noisy intermediate-scale quantum (NISQ) hardware. However, its performance is critically…

Quantum Physics · Physics 2025-11-13 Rakesh Saini , Nora Mohamed , Saif Al-Kuwari , Ahmed Farouk

Quantum heuristics offer a potential advantage for combinatorial optimization but are constrained by near-term hardware limitations. We introduce Iterative-QAOA, a variant of QAOA designed to mitigate these constraints. The algorithm…

The limited number of qubits is a major bottleneck in Quantum Approximate Optimization Algorithm (QAOA) for large-scale combinatorial optimization in the Noisy Intermediate-Scale Quantum (NISQ) era. To make progress, existing techniques…

Emerging Technologies · Computer Science 2026-04-21 Xiaoyu Ma , Fang Fang , Ximing Xie , Xianbin Wang , Lajos Hanzo

Quantum Approximate Optimization Algorithm (QAOA) is a promising candidate for achieving quantum advantage in combinatorial optimization. However, its variational framework presents a long-standing challenge in selecting circuit parameters.…

We investigate the Maximum Cut (MaxCut) problem on different graph classes with the Quantum Approximate Optimization Algorithm (QAOA) using symmetries. In particular, heuristics on the relationship between graph symmetries and the…

Quantum Physics · Physics 2025-11-04 Leonardo Lavagna , Simone Piperno , Andrea Ceschini , Massimo Panella

The Quantum Approximate Optimization Algorithm (QAOA) is a leading approach for solving combinatorial optimization problems on near-term quantum processors. However, finding good variational parameters remains a significant challenge due to…

Quantum Physics · Physics 2025-12-05 Yu-Cheng Lin , Yu-Chao Hsu , Samuel Yen-Chi Chen

The Quantum Approximate Optimization Algorithm (QAOA) is a quantum algorithm proposed for Noisy Intermediate-Scale Quantum (NISQ) devices and is regarded as a promising approach to combinatorial optimization problems, with potential…

Quantum Physics · Physics 2026-02-26 Shintaro Yamamura , Satoshi Watanabe , Masaya Kunimi , Kazuhiro Saito , Tetsuro Nikuni

In recent years, quantum computing has emerged as a transformative force in the field of combinatorial optimization, offering novel approaches to tackling complex problems that have long challenged classical computational methods. Among…

Solving hard optimization problems is one of the most promising application domains for quantum computers due to the ubiquity of such problems in industry and the availability of broadly applicable quantum speedups. However, the ability of…

Quantum Physics · Physics 2025-07-25 Zichang He , Rudy Raymond , Ruslan Shaydulin , Marco Pistoia

The quantum approximate optimization algorithm (QAOA) is an appealing proposal to solve NP problems on noisy intermediate-scale quantum (NISQ) hardware. Making NISQ implementations of the QAOA resilient to noise requires short ansatz…

Understanding the benefits of quantum computing for solving combinatorial optimization problems (COPs) remains an open research question. In this work, we extend and analyze algorithms that solve COPs by recursively shrinking them. The…

This short tutorial provides an introduction to the Quantum Approximation Optimization Algorithm (QAOA). Specifically, how to use QAOA with the Simultaneous Perturbation Stochastic Approximation (SPSA) algorithm to solve the Max-Cut…

Quantum Physics · Physics 2021-06-04 Salonik Resch

Approximate combinatorial optimisation has emerged as one of the most promising application areas for quantum computers, particularly those in the near term. In this work, we focus on the quantum approximate optimisation algorithm (QAOA)…

Quantum Physics · Physics 2022-11-23 Nishant Jain , Brian Coyle , Elham Kashefi , Niraj Kumar

The Quantum Approximate Optimization Algorithm (QAOA) finds approximate solutions to combinatorial optimization problems. Its performance monotonically improves with its depth $p$. We apply the QAOA to MaxCut on large-girth $D$-regular…

Quantum Physics · Physics 2022-07-08 Joao Basso , Edward Farhi , Kunal Marwaha , Benjamin Villalonga , Leo Zhou

Quantum optimization algorithms can be used to recreate unsupervised learning clustering of data by mapping the problem to a graph optimization problem and finding the minimum energy for a MaxCut problem formulation. This research tests the…

Quantum Physics · Physics 2021-09-01 Daniel Beaulieu , Anh Pham

Variational quantum algorithms, which consist of optimal parameterized quantum circuits, are promising for demonstrating quantum advantages in the noisy intermediate-scale quantum (NISQ) era. Apart from classical computational resources,…

Quantum Physics · Physics 2024-12-30 Chen Qian , Wei-Feng Zhuang , Rui-Cheng Guo , Meng-Jun Hu , Dong E. Liu

The Quantum Approximate Optimization Algorithm (QAOA) requires considered optimization problems to be translated into a compatible format. A popular transformation step in this pipeline involves the quadratization of higher-order binary…

Quantum Physics · Physics 2025-11-26 Damian Rovara , Lukas Burgholzer , Robert Wille