Where NISQ-Era Quantum Optimization Stands Today: An Honest Benchmark of QAOA Against Classical Heuristics on a Real-World Exam-Scheduling Max-Cut Problem

Full-pipeline benchmark of the Quantum Approximate Optimization Algorithm (QAOA) against classical combinatorial solvers on a weighted Max-Cut formulation of exam-scheduling conflict minimization. Compares random assignment, greedy heuristic, 2-opt local search, exact ILP (OR-Tools), and QAOA — first via noisy local simulation on an 18-qubit validation subset, then via live execution on IBM's ibm_marrakesh (Heron r2) processor at the full 42-qubit scale. Uses shot-weighted expected-value scoring throughout rather than best-observed-sample reporting. At 18 qubits QAOA reaches 95.4% of the proven optimum; at 42 qubits the hardware run's expected value falls below random guessing (49.05% vs 50.00%), with all 4,096 shots returning distinct bitstrings — the signature of decoherence overwhelming the circuit. Includes causal analysis of the failure mode and outlines planned comparison against quantum annealing hardware.