Evaluation of QAOA based on the approximation ratio of individual samples
Jason Larkin, Mat\'ias Jonsson, Daniel Justice, and Gian Giacomo, Guerreschi

TL;DR
This paper evaluates the performance of QAOA on the Max-Cut problem, showing that optimized settings can significantly improve its efficiency and bring it closer to classical algorithms, especially on certain graph types.
Contribution
It introduces performance metrics based on sample quality probabilities and demonstrates that optimized QAOA settings can reduce the performance gap with classical solvers.
Findings
QAOA performance varies with graph type.
Optimizing the variational parameters improves performance by up to 100 times.
QAOA can approach classical solver performance on 3-regular random graphs.
Abstract
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 promising candidates likely to run on near-term quantum devices. We simulate the performance of QAOA applied to the Max-Cut problem and compare it with some of the best classical alternatives, for exact, approximate and heuristic solution. When comparing solvers, their performance is characterized by the computational time taken to achieve a given quality of solution. Since QAOA is based on sampling, we utilize performance metrics based on the probability of observing a sample above a certain quality. In addition, we show that the QAOA performance varies significantly with the graph type. By selecting a suitable optimizer for the variational…
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