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We theoretically investigate the phase sensitivity with parity detection on an SU(1,1) interferometer with a coherent state combined with a squeezed vacuum state. This interferometer is formed with two parametric amplifiers for beam splitting and recombination instead of beam splitters. We show that the sensitivity of phase estimation approaches the Heisenberg limit and give the corresponding optimal condition. Moreover, we derive the quantum Cramér-Rao bound of the SU(1,1) interferometer.

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Physical Review A