Quantum-enhanced simulation-based optimization for newsvendor problems

• Main Authors: SHARMA, Monit, LAU, Hoong Chuin, RAYMOND, Rudy
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2024
• Subjects: Simulation-based optimization; Quantum amplitude estimation; Quantum-enhanced algorithm; Newsvendor problem; Artificial Intelligence and Robotics; Computer Sciences
• Online Access: https://ink.library.smu.edu.sg/sis_research/9982; https://ink.library.smu.edu.sg/context/sis_research/article/10982/viewcontent/2403.17389v3.pdf
• Institution: Singapore Management University

Simulation-based optimization is a widely used method to solve stochastic optimization problems. This method aims to identify an optimal solution by maximizing the expected value of the objective function. However, due to its computational complexity, the function cannot be accurately evaluated dire...