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The Quantum Approximate Optimization Algorithm (QAOA) is a promising variational quantum algorithm introduced to tackle classically intractable combinatorial optimization problems. This tutorial offers a comprehensive, first-principles…

Quantum Physics · Physics 2025-11-25 Alessandro Giovagnoli

Recent advances in quantum computing and the increasing availability of quantum hardware have substantially enhanced the practical relevance of quantum approaches to discrete optimization. Among these, the Quadratic Unconstrained Binary…

Quantum Physics · Physics 2026-02-12 Felix P. Broesamle , Stefan Nickel

The Quantum Approximate Optimization Algorithm (QAOA) constitutes one of the often mentioned candidates expected to yield a quantum boost in the era of near-term quantum computing. In practice, quantum optimization will have to compete with…

Quantum Physics · Physics 2020-10-15 Charles Moussa , Henri Calandra , Vedran Dunjko

Previously only considered a frontier area of Physics, nowadays quantum computing is one of the fastest growing research field, precisely because of its technological applications in optimization problems, machine learning, information…

Portfolio Management · Quantitative Finance 2022-08-24 Askery Canabarro , Taysa M. Mendonça , Ranieri Nery , George Moreno , Anton S. Albino , Gleydson F. de Jesus , Rafael Chaves

A new methodology is proposed to solve classical Boolean problems as Hamiltonians, using the quantum approximate optimization algorithm (QAOA). Our methodology successfully finds all optimized approximated solutions for Boolean problems,…

Quantum Physics · Physics 2024-07-11 Ali Al-Bayaty , Marek Perkowski

With the applications of quantum computing becoming more and more widespread, finding ways that allow end users without experience in the field to apply quantum computers to solve their individual problems is becoming a crucial task.…

Quantum Physics · Physics 2024-04-18 Damian Rovara , Nils Quetschlich , Robert Wille

Recent works on quantum algorithms for solving semidefinite optimization (SDO) problems have leveraged a quantum-mechanical interpretation of positive semidefinite matrices to develop methods that obtain quantum speedups with respect to the…

Quantum Physics · Physics 2025-06-06 Brandon Augustino , Giacomo Nannicini , Tamás Terlaky , Luis Zuluaga

Combinatorial optimization problems are ubiquitous and computationally hard to solve in general. Quantum approximate optimization algorithm (QAOA), one of the most representative quantum-classical hybrid algorithms, is designed to solve…

Quantum Physics · Physics 2024-03-12 Lixue Cheng , Yu-Qin Chen , Shi-Xin Zhang , Shengyu Zhang

One of the problems in quantitative finance that has received the most attention is the portfolio optimization problem. Regarding its solving, this problem has been approached using different techniques, with those related to quantum…

Artificial Intelligence · Computer Science 2023-09-28 Eneko Osaba , Guillaume Gelabert , Esther Villar-Rodriguez , Antón Asla , Izaskun Oregi

In the field of quantum computing, combinatorial optimization problems are typically addressed using QUBO (Quadratic Unconstrained Binary Optimization) solvers. However, these solvers are often insufficient for tackling higher-order…

Quantum Physics · Physics 2024-07-24 Yuichiro Minato

Quantum algorithms have been widely studied in the context of combinatorial optimization problems. While this endeavor can often analytically and practically achieve quadratic speedups, theoretical and numeric studies remain limited,…

Quantum Physics · Physics 2023-11-07 Lucas T. Brady , Stuart Hadfield

In this paper, we study the global optimality of polynomial portfolio optimization (PPO). The PPO is a kind of portfolio selection model with high-order moments and flexible risk preference parameters. We introduce a perturbation sample…

Optimization and Control · Mathematics 2023-09-06 Liu Yang , Yi Yang , Suhan Zhong

Optimization problems in finance, physics and computer science are typically very hard to tackle in classical computing and quantum computing could help speed up computations and provide efficient methods for tackling large problems.…

Quantum Physics · Physics 2025-11-26 Dawei Zhong , Akhil Francis , Ermal Rrapaj

Quantum computers are expected to offer significant advantages in solving complex optimization problems that are challenging for classical computers. Quadratic Unconstrained Binary Optimization (QUBO) problems represent an important class…

Quantum Physics · Physics 2025-10-15 Teemu Pihkakoski , Aravind Plathanam Babu , Pauli Taipale , Petri Liimatta , Matti Silveri

The quantum approximate optimization algorithm (QAOA) is designed to determine optimum and near optimum solutions of quadratic (and higher order) unconstrained binary optimization (QUBO or HUBO) problems, which in turn accurately model…

Quantum Physics · Physics 2025-03-18 Prashanti Priya Angara , Danylo Lykov , Ulrike Stege , Yuri Alexeev , Hausi Müller

Portfolio optimization is an important process in finance that consists in finding the optimal asset allocation that maximizes expected returns while minimizing risk. When assets are allocated in discrete units, this is a combinatorial…

Statistical Mechanics · Physics 2022-10-04 Álvaro Rubio-García , Juan José García-Ripoll , Diego Porras

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

The Quantum Approximate Optimization Algorithm (QAOA) is a powerful tool in solving various combinatorial problems such as Maximum Satisfiability and Maximum Cut. Hard computational problems, however, require deep circuits that place high…

Quantum Physics · Physics 2025-10-28 Malick A. Gaye , Omar Shehab , Paraj Titum , Gregory Quiroz

The unit commitment (UC) problem stands as a critical optimization challenge in the electrical power industry. It is classified as NP-hard, placing it among the most intractable problems to solve. This paper introduces a novel hybrid…

Quantum Physics · Physics 2024-12-17 Bruna Salgado , André Sequeira , Luis Paulo Santos