We propose a hybrid quantum-classical algorithm, originated from quantum chemistry, to price European and Asian options in the Black-Scholes model. Our approach is based on the equivalence between the pricing partial differential equation and the Schrödinger equation in imaginary time. We devise a strategy to build a shallow quantum circuit approximation to this equation, only requiring few qubits. This constitutes a promising candidate for the application of Quantum Computing techniques (with large number of qubits affected by noise) in Quantitative Finance.Date: December 6, 2019. 2010 Mathematics Subject Classification. 35Q40, 91G20, 91G80. Key words and phrases. quantum algorithms, option pricing, PDE, Schrödinger equation. The views and opinions expressed here are the authors' and do not represent the opinions of their employers. They are not responsible for any use that may be made of these contents. No part of this presentation is intended to influence investment decisions or promote any product or service. The authors would like to thank Alexei Kondratyev for stimulating discussions.

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Many engineering structures are composed of weakly coupled sectors assembled in a cyclic and ideally symmetric configuration, which can be simplified as forced Duffing oscillators. In this paper, we study the emergence of localized states in the weakly nonlinear regime. We show that multiple spatially localized solutions may exist, and the resulting bifurcation diagram strongly resembles the snaking pattern observed in a variety of fields in physics, such as optics and fluid dynamics. Moreover, in the transition from the linear to the nonlinear behaviour isolated branches of solutions are identified. Localization is caused by the hardening effect introduced by the nonlinear stiffness, and occurs at large excitation levels. Contrary to the case of mistuning, the presented localization mechanism is triggered by the nonlinearities and arises in perfectly homogeneous systems.

In the aerospace industry the trend for light-weight structures and the resulting complex dynamic behaviours currently challenge vibration engineers. In many cases, these light-weight structures deviate from linear behaviour, and complex nonlinear phenomena can be expected. We consider a cyclically symmetric system of coupled weakly nonlinear undamped oscillators that could be considered a minimal model for different cyclic and symmetric aerospace structures experiencing large deformations. The focus is on localised vibrations that arise from wave envelope modulation of travelling waves. For the defocussing parameter range of the approximative nonlinear evolution equation, we show the possible existence of dark solitons and discuss their characteristics. For the focussing parameter range, we characterise modulation instability and illustrate corresponding nonlinear breather dynamics. Furthermore, we show that for stronger nonlinearity or randomness in initial conditions, transient breather-type dynamics and decay into bright solitons appear. The findings suggest that significant vibration localisation may arise due to mechanisms of nonlinear modulation dynamics.