{"id":"https://openalex.org/W4406364683","doi":"https://doi.org/10.1587/transinf.2024edp7254","title":"Improved Quantum Approximate Optimization Algorithm Based on Conditional Value-at-Risk for Portfolio Optimization","display_name":"Improved Quantum Approximate Optimization Algorithm Based on Conditional Value-at-Risk for Portfolio Optimization","publication_year":2025,"publication_date":"2025-01-14","ids":{"openalex":"https://openalex.org/W4406364683","doi":"https://doi.org/10.1587/transinf.2024edp7254"},"language":"en","primary_location":{"id":"doi:10.1587/transinf.2024edp7254","is_oa":true,"landing_page_url":"https://doi.org/10.1587/transinf.2024edp7254","pdf_url":null,"source":{"id":"https://openalex.org/S2486202937","display_name":"IEICE Transactions on Information and Systems","issn_l":"0916-8532","issn":["0916-8532","1745-1361"],"is_oa":true,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4320800604","host_organization_name":"Institute of Electronics, Information and Communication Engineers","host_organization_lineage":["https://openalex.org/P4320800604"],"host_organization_lineage_names":["Institute of Electronics, Information and Communication Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEICE Transactions on Information and Systems","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://doi.org/10.1587/transinf.2024edp7254","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5100745050","display_name":"Qingqing Yu","orcid":"https://orcid.org/0000-0001-9123-9073"},"institutions":[{"id":"https://openalex.org/I4210162774","display_name":"Minnan University of Science and Technology","ror":"https://ror.org/05sg01b25","country_code":"CN","type":"education","lineage":["https://openalex.org/I4210162774"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Qingqing YU","raw_affiliation_strings":["Dept. of Information Engineering, MinNan University of Science and Technology"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Dept. of Information Engineering, MinNan University of Science and Technology","institution_ids":["https://openalex.org/I4210162774"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5051156530","display_name":"Rong Jin","orcid":"https://orcid.org/0000-0001-9677-6177"},"institutions":[{"id":"https://openalex.org/I4210162774","display_name":"Minnan University of Science and Technology","ror":"https://ror.org/05sg01b25","country_code":"CN","type":"education","lineage":["https://openalex.org/I4210162774"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Rong JIN","raw_affiliation_strings":["Dept. of Information Engineering, MinNan University of Science and Technology"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Dept. of Information Engineering, MinNan University of Science and Technology","institution_ids":["https://openalex.org/I4210162774"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I4210162774"],"apc_list":null,"apc_paid":null,"fwci":3.2241,"has_fulltext":false,"cited_by_count":3,"citation_normalized_percentile":{"value":0.91153761,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":97,"max":98},"biblio":{"volume":"E108.D","issue":"7","first_page":"727","last_page":"733"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10682","display_name":"Quantum Computing Algorithms and Architecture","score":0.8159000277519226,"subfield":{"id":"https://openalex.org/subfields/1702","display_name":"Artificial Intelligence"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},"topics":[{"id":"https://openalex.org/T10682","display_name":"Quantum Computing Algorithms and Architecture","score":0.8159000277519226,"subfield":{"id":"https://openalex.org/subfields/1702","display_name":"Artificial Intelligence"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.770893931388855},{"id":"https://openalex.org/keywords/portfolio-optimization","display_name":"Portfolio optimization","score":0.6314207315444946},{"id":"https://openalex.org/keywords/optimization-algorithm","display_name":"Optimization algorithm","score":0.6068755388259888},{"id":"https://openalex.org/keywords/portfolio","display_name":"Portfolio","score":0.5370005965232849},{"id":"https://openalex.org/keywords/quantum","display_name":"Quantum","score":0.47048452496528625},{"id":"https://openalex.org/keywords/value","display_name":"Value (mathematics)","score":0.46955305337905884},{"id":"https://openalex.org/keywords/algorithm","display_name":"Algorithm","score":0.4314531683921814},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.4230268895626068},{"id":"https://openalex.org/keywords/machine-learning","display_name":"Machine learning","score":0.146133154630661},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.1268010139465332},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.05768522620201111}],"concepts":[{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.770893931388855},{"id":"https://openalex.org/C202655437","wikidata":"https://www.wikidata.org/wiki/Q7231728","display_name":"Portfolio optimization","level":3,"score":0.6314207315444946},{"id":"https://openalex.org/C2987595161","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Optimization algorithm","level":2,"score":0.6068755388259888},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.5370005965232849},{"id":"https://openalex.org/C84114770","wikidata":"https://www.wikidata.org/wiki/Q46344","display_name":"Quantum","level":2,"score":0.47048452496528625},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.46955305337905884},{"id":"https://openalex.org/C11413529","wikidata":"https://www.wikidata.org/wiki/Q8366","display_name":"Algorithm","level":1,"score":0.4314531683921814},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.4230268895626068},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.146133154630661},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.1268010139465332},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.05768522620201111},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1587/transinf.2024edp7254","is_oa":true,"landing_page_url":"https://doi.org/10.1587/transinf.2024edp7254","pdf_url":null,"source":{"id":"https://openalex.org/S2486202937","display_name":"IEICE Transactions on Information and Systems","issn_l":"0916-8532","issn":["0916-8532","1745-1361"],"is_oa":true,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4320800604","host_organization_name":"Institute of Electronics, Information and Communication Engineers","host_organization_lineage":["https://openalex.org/P4320800604"],"host_organization_lineage_names":["Institute of Electronics, Information and Communication Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEICE Transactions on Information and Systems","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.1587/transinf.2024edp7254","is_oa":true,"landing_page_url":"https://doi.org/10.1587/transinf.2024edp7254","pdf_url":null,"source":{"id":"https://openalex.org/S2486202937","display_name":"IEICE Transactions on Information and Systems","issn_l":"0916-8532","issn":["0916-8532","1745-1361"],"is_oa":true,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4320800604","host_organization_name":"Institute of Electronics, Information and Communication Engineers","host_organization_lineage":["https://openalex.org/P4320800604"],"host_organization_lineage_names":["Institute of Electronics, Information and Communication Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEICE Transactions on Information and Systems","raw_type":"journal-article"},"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":30,"referenced_works":["https://openalex.org/W135055223","https://openalex.org/W1508413598","https://openalex.org/W1568345435","https://openalex.org/W2011161592","https://openalex.org/W2013520638","https://openalex.org/W2050865875","https://openalex.org/W2084792706","https://openalex.org/W2118208297","https://openalex.org/W2754868542","https://openalex.org/W2805358412","https://openalex.org/W2887230019","https://openalex.org/W2897469996","https://openalex.org/W2897628955","https://openalex.org/W2960556599","https://openalex.org/W2989335074","https://openalex.org/W3061261525","https://openalex.org/W3088409280","https://openalex.org/W3121723974","https://openalex.org/W3128253723","https://openalex.org/W3173473505","https://openalex.org/W3184589170","https://openalex.org/W3191602705","https://openalex.org/W3202993671","https://openalex.org/W4206643036","https://openalex.org/W4221167559","https://openalex.org/W4246598646","https://openalex.org/W4295926801","https://openalex.org/W4312374031","https://openalex.org/W4318983914","https://openalex.org/W4392877631"],"related_works":["https://openalex.org/W1986311305","https://openalex.org/W4360613713","https://openalex.org/W3125148470","https://openalex.org/W2768197547","https://openalex.org/W2055959038","https://openalex.org/W2068727170","https://openalex.org/W4206877017","https://openalex.org/W4225528185","https://openalex.org/W4327779378","https://openalex.org/W2795635811"],"abstract_inverted_index":{"This":[0],"paper":[1],"presents":[2],"an":[3,30],"improved":[4,144],"Quantum":[5],"Approximate":[6],"Optimization":[7],"Algorithm":[8],"variant":[9],"based":[10],"on":[11,65],"Conditional":[12],"Value-at-Risk":[13],"for":[14],"addressing":[15],"portfolio":[16],"optimization":[17,20,83],"problems.":[18],"Portfolio":[19],"is":[21],"a":[22,63,80],"NP-hard":[23],"combinatorial":[24],"problem":[25,128],"that":[26,56,78],"aims":[27],"to":[28,38,50,89],"select":[29],"optimal":[31,53,97],"set":[32],"of":[33,69,95,113,126,131],"assets":[34],"and":[35,85,92,120],"their":[36],"quantities":[37],"balance":[39,81],"risk":[40],"against":[41],"expected":[42],"return.":[43],"The":[44],"proposed":[45],"approach":[46],"uses":[47],"the":[48,52,66,70,124,127,132,143,154],"QAOA":[49,75,119,156],"find":[51],"asset":[54],"combination":[55],"maximizes":[57],"returns":[58],"while":[59],"minimizing":[60],"risk,":[61],"with":[62,110],"focus":[64],"tail":[67],"end":[68],"loss":[71],"distribution.":[72],"An":[73],"enhanced":[74],"ansatz":[76],"introduced":[77],"offers":[79],"between":[82],"quality":[84],"circuit":[86],"depth,":[87],"leading":[88],"faster":[90],"convergence":[91],"higher":[93],"probabilities":[94],"obtaining":[96],"solutions.":[98],"Experiments":[99],"are":[100],"conducted":[101],"using":[102],"historical":[103],"stock":[104],"data":[105],"from":[106],"Nasdaq,":[107],"optimizing":[108],"portfolios":[109],"varying":[111],"numbers":[112],"stocks.":[114],"Our":[115],"method":[116],"outperforms":[117],"original":[118],"CVaR-QAOA,":[121],"particularly":[122],"as":[123],"size":[125],"increases.":[129],"Regardless":[130],"scenario,":[133],"whether":[134],"it":[135],"involves":[136],"10,":[137],"12,":[138],"14,":[139],"or":[140,151,161],"16":[141],"stocks,":[142],"CVaR-QAOA":[145],"consistently":[146,157],"converges":[147],"within":[148],"100":[149],"iterations":[150,160],"less,":[152],"whereas":[153],"standard":[155],"requires":[158],"450":[159],"more.":[162]},"counts_by_year":[{"year":2026,"cited_by_count":3}],"updated_date":"2026-08-26T07:47:46.906454","created_date":"2025-10-10T00:00:00"}
