Abstract
An optimized phonon approach for the numerical diagonalization of interacting electron-phonon systems is proposed. The variational method is based on an expansion in coherent states that leads to a dramatic truncation in the phonon space. The reliability of the approach is demonstrated for the extended Holstein model showing that different types of lattice distortions are present at intermediate electron-phonon couplings as observed in strongly correlated systems. The connection with the density matrix renormalization group is discussed.
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