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We investigate the application of two heuristic methods, genetic algorithms and tabu/scatter search, to the optimisation of realistic portfolios. The model is based on the classical mean-variance approach, but enhanced with floor and…

Other Condensed Matter · Physics 2008-12-02 Franco Busetti

Cardinality-constrained binary optimization is a fundamental computational primitive with broad applications in machine learning, finance, and scientific computing. In this work, we introduce a Grover-based quantum algorithm that exploits…

Quantum Physics · Physics 2026-03-17 Haomu Yuan , Hanqing Wu , Kuan-Cheng Chen , Bin Cheng , Crispin H. W. Barnes

Portfolio optimization is one of the most studied optimization problems at the intersection of quantum computing and finance. In this work, we develop the first quantum formulation for a portfolio optimization problem with higher-order…

Quantum Physics · Physics 2026-01-28 Valter Uotila , Julia Ripatti , Bo Zhao

Heavy ball momentum is crucial in accelerating (stochastic) gradient-based optimization algorithms for machine learning. Existing heavy ball momentum is usually weighted by a uniform hyperparameter, which relies on excessive tuning.…

Machine Learning · Computer Science 2021-10-19 Tao Sun , Huaming Ling , Zuoqiang Shi , Dongsheng Li , Bao Wang

The Markowitz-based portfolio selection turns to an NP-hard problem when considering cardinality constraints. In this case, existing exact solutions like quadratic programming may not be efficient to solve the problem. Many researchers,…

Optimization and Control · Mathematics 2021-01-15 Taha Mansouri , Mohammad Reza Sadeghi Moghadam

In this paper, we consider an unconstrained optimization model where the objective is a sum of a large number of possibly nonconvex functions, though overall the objective is assumed to be smooth and convex. Our bid to solving such model…

Optimization and Control · Mathematics 2022-03-15 Xi Chen , Bo Jiang , Tianyi Lin , Shuzhong Zhang

A cardinality-constrained portfolio caps the number of stocks to be traded across and within groups or sectors. These limitations arise from real-world scenarios faced by fund managers, who are constrained by transaction costs and client…

Optimization and Control · Mathematics 2018-10-26 Jize Zhang , Tim Leung , Aleksandr Aravkin

In Reinforcement Learning (RL), multi-armed Bandit (MAB) problems have found applications across diverse domains such as recommender systems, healthcare, and finance. Traditional MAB algorithms typically assume stationary reward…

Artificial Intelligence · Computer Science 2024-10-10 Gustavo de Freitas Fonseca , Lucas Coelho e Silva , Paulo André Lima de Castro

We study the three-dimensional Knapsack (3DK) problem, in which we are given a set of axis-aligned cuboids with associated profits and an axis-aligned cube knapsack. The objective is to find a non-overlapping axis-aligned packing (by…

Data Structures and Algorithms · Computer Science 2025-03-26 Klaus Jansen , Debajyoti Kar , Arindam Khan , K. V. N. Sreenivas , Malte Tutas

We propose a continuous-time scheme for large-scale optimization that introduces individual, adaptive momentum coefficients regulated by the kinetic energy of each model parameter. This approach automatically adjusts to local landscape…

Machine Learning · Computer Science 2026-02-03 Aikaterini Karoni , Rajit Rajpal , Benedict Leimkuhler , Gabriel Stoltz

We study unconstrained smooth convex optimization under stochastic first- and zeroth-order oracles subject only to finite-moment bounds, naturally admitting persistent bias and heavy-tailed noise. In this hostile environment, integrating…

Optimization and Control · Mathematics 2026-04-20 Shunzhi Zhang , Shichen Liao , Congying Han , Tiande Guo

High-dimensional portfolio optimization faces significant computational challenges under complex constraints, with traditional optimization methods struggling to balance convergence speed and global exploration capability. To address this,…

Neural and Evolutionary Computing · Computer Science 2026-04-06 Mingyang Yu , Jiaqi Zhang , Haorui Yang , Adam Slowik , Jun Zhang , Jing Xu

In this paper, a heuristic method based on TabuSearch and TokenRing Search is being used in order to solve the Portfolio Optimization Problem. The seminal mean-variance model of Markowitz is being considered with the addition of cardinality…

Portfolio Management · Quantitative Finance 2022-12-01 Taylan Kabbani

We focus on minimizing nonconvex finite-sum functions that typically arise in machine learning problems. In an attempt to solve this problem, the adaptive cubic regularized Newton method has shown its strong global convergence guarantees…

Optimization and Control · Mathematics 2019-06-28 Seonho Park , Seung Hyun Jung , Panos M. Pardalos

We introduce Hindsight-Guided Momentum (HGM), a first-order optimization algorithm that adaptively scales learning rates based on the directional consistency of recent updates. Traditional adaptive methods, such as Adam or RMSprop , adapt…

Optimization and Control · Mathematics 2025-07-01 Krisanu Sarkar

A financial portfolio contains assets that offer a return with a certain level of risk. To maximise returns or minimise risk, the portfolio must be optimised - the ideal combination of optimal quantities of assets must be found. The number…

Computational Engineering, Finance, and Science · Computer Science 2023-07-11 Alexander Nikiporenko

We explore the potential for quantum speedups in convex optimization using discrete simulations of the Quantum Hamiltonian Descent (QHD) framework, as proposed by Leng et al., and establish the first rigorous query complexity bounds. We…

We consider a smoothed online convex optimization (SOCO) problem with predictions, where the learner has access to a finite lookahead window of time-varying stage costs, but suffers a switching cost for changing its actions at each stage.…

Optimization and Control · Mathematics 2023-10-16 Spandan Senapati , Ashwin Shenai , Ketan Rajawat

Efficient stochastic optimization typically integrates an update direction that performs well in the deterministic regime with a mechanism adapting to stochastic perturbations. While Adam uses adaptive moment estimates to promote stability,…

Machine Learning · Computer Science 2026-02-23 Minxin Zhang , Yuxuan Liu , Hayden Schaeffer

We audit how much of D-Wave's hybrid quantum-classical portfolio-optimization service is actually quantum. On cardinality-constrained mean-variance-turnover instances spanning N equal to 10 to 640 with a Gurobi MIQP optimality anchor, the…

Quantum Physics · Physics 2026-05-19 Luis Lozano
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