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Quantum computing is quickly becoming a field that can change the game. It can completely change how businesses solve optimisation problems. We will be looking at three different quantum algorithms in great detail: the Quantum Approximate Optimisation Algorithm (QAOA), the Variational Quantum Eigensolver (VQE), and Grover's Algorithm. We look into how these algorithms work on the inside, how they compare to more traditional methods, and how they might be used in areas like energy, banking, and logistics. The piece then talks about current research projects that are trying to fix the technical issues and hardware limits of quantum technology. In the end, we look ahead to possible future developments that might help solve optimisation problems, such as better quantum gear and more complex quantum algorithms. By combining what has already been written with what is new, this study aims to shed light on how quantum computing could help solve tough optimisation problems and spark new ideas.
Mainali et al. (2024) studied this question.