Scale-renormalized matrix-product states for correlated quantum systems.

A generalization of matrix product states (MPS) for interacting quantum systems in two and three dimensions is introduced. These scale-renormalized matrix-product states (SR-MPS) are based on a coarse graining of the lattice in which the blocks at each level are associated with matrix products that are further transformed (scale renormalized) with other matrices before they are assembled to form blocks at the next level. Using the two-dimensional transverse-field Ising model as a test, it is shown that the SR-MPS converge much more rapidly with the matrix size than a standard MPS. It is also shown that the use of lattice symmetries speeds up the convergence very significantly.