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The quantum approximate optimization algorithm, also known in its generalization as the quantum alternating operator ansatz, (QAOA) is a heuristic hybrid quantum-classical algorithm for finding high-quality approximate solutions to…

Quantum Approximate Optimization Algorithm (QAOA) is a quantum-classical hybrid algorithm proposed with the goal of approximately solving combinatorial optimization problems such as the MAX-CUT problem. It has been considered a potential…

Quantum Physics · Physics 2025-11-26 Eunok Bae , Hyukjoon Kwon , V Vijendran , Soojoon Lee

We present a hybrid classical-quantum framework for portfolio construction and rebalancing. Asset selection is performed using Ledoit-Wolf shrinkage covariance estimation combined with hierarchical correlation clustering to extract n = 10…

Portfolio Management · Quantitative Finance 2026-03-19 Abraham Itzhak Weinberg

While the ultimate goal of solving computationally intractable problems is to find a provably optimal solutions, practical constraints of real-world scenarios often necessitate focusing on efficiently obtaining high-quality, near-optimal…

Quantum Physics · Physics 2025-04-23 Prashanti Priya Angara , Emily Martins , Ulrike Stege , Hausi Müller

Quantum Approximate Optimization algorithm (QAOA) aims to search for approximate solutions to discrete optimization problems with near-term quantum computers. As there are no algorithmic guarantee possible for QAOA to outperform classical…

Quantum Physics · Physics 2022-07-25 Bingzhi Zhang , Akira Sone , Quntao Zhuang

The quantum approximate optimization algorithm (QAOA) has numerous promising applications in solving the combinatorial optimization problems on near-term Noisy Intermediate Scalable Quantum (NISQ) devices. QAOA has a quantum-classical…

Quantum Physics · Physics 2022-02-17 Xinwei Lee , Yoshiyuki Saito , Dongsheng Cai , Nobuyoshi Asai

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

The Quantum Approximate Optimization Algorithm (QAOA) is a hybrid quantum-classical algorithm to solve binary-variable optimization problems. Due to the short circuit depth and its expected robustness to systematic errors, it is one of the…

Quantum Physics · Physics 2022-08-23 Jason Larkin , Matías Jonsson , Daniel Justice , Gian Giacomo Guerreschi

Quantum computers are increasing in size and quality, but are still very noisy. Error mitigation extends the size of the quantum circuits that noisy devices can meaningfully execute. However, state-of-the-art error mitigation methods are…

Quantum Physics · Physics 2024-03-25 Stefan H. Sack , Daniel J. Egger

The Quantum Approximate Optimization Algorithm (QAOA) has been one of the leading candidates for near-term quantum advantage in gate-model quantum computers. From its inception, this algorithm has sparked the desire for comparison between…

Quantum Physics · Physics 2021-12-08 Colin Campbell , Edward Dahl

The Quantum Approximate Optimization Algorithm (QAOA) is a hybrid quantum-classical variational algorithm designed to tackle combinatorial optimization problems. Despite its promise for near-term quantum applications, not much is currently…

Quantum Physics · Physics 2020-06-26 Leo Zhou , Sheng-Tao Wang , Soonwon Choi , Hannes Pichler , Mikhail D. Lukin

The quantum approximate optimisation ansatz (QAOA) is one of the flagship algorithms used to tackle combinatorial optimisation on graphs problems using a quantum computer, and is considered a strong candidate for early fault-tolerant…

Quantum Physics · Physics 2025-06-24 Yann Beaujeault-Taudière

The Quantum Approximate Optimization Algorithm (QAOA) is a promising candidate algorithm for demonstrating quantum advantage in optimization using near-term quantum computers. However, QAOA has high requirements on gate fidelity due to the…

Quantum Physics · Physics 2023-03-20 Xiaoyuan Liu , Ruslan Shaydulin , Ilya Safro

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 Quantum Approximate Optimization Algorithm (QAOA) achieves monotonically improving performance with circuit depth $p$, yet the study of the high-depth regime has been obstructed by the exponential in $p$ cost of existing exact…

Quantum computing promises solutions to classically difficult and new-found problems through controlling the subtleties of quantum computing. The Quantum Approximate Optimisation Algorithm (QAOA) is a recently proposed quantum algorithm…

Quantum Physics · Physics 2024-12-24 Nicholas J. Pritchard

Banks are required to set aside funds in their income statement, known as a loan loss provision (LLP), to account for potential loan defaults and expenses. By treating the LLP as a global constraint, we propose a hybrid quantum-classical…

The Quantum Approximate Optimization Algorithm (QAOA) is suggested as a promising application on early quantum computers. Here, a quantum-inspired classical algorithm, the mean-field Approximate Optimization Algorithm (mean-field AOA), is…

The quantum approximate optimization algorithm (QAOA) is a variational method for noisy, intermediate-scale quantum computers to solve combinatorial optimization problems. Quantifying performance bounds with respect to specific problem…

Quantum Physics · Physics 2021-11-30 Phillip C. Lotshaw , Travis S. Humble , Rebekah Herrman , James Ostrowski , George Siopsis

Optimizing of a portfolio of financial assets is a critical industrial problem which can be approximately solved using algorithms suitable for quantum processing units (QPUs). We benchmark the success of this approach using the Quantum…

Quantum Physics · Physics 2022-02-15 Jack S. Baker , Santosh Kumar Radha