We consider the simultaneous measurement of two conjugate variables by
coupling the system of interest to two independent probe modes. Our m
odel consists of linearly coupled boson modes that can be realized by
quantum optical fields in the rotating-wave approximation. We approach
the setup both as a device to extract observable information and to p
repare an emerging quantum state. The initial states of the probe mode
s and the coupling are utilized to optimize the operation in the vario
us regimes. In contrast to the Arthurs and Kelly ideal scheme [Bell. S
yst. Tech. J. 44, 725 (1965)], our more realistic coupling does not al
low perfect operation but the ideal situations can be approximated clo
sely. We discuss the conditions for maximum information transfer to th
e probe modes, information extraction with minimum disturbance of the
system mode, and optimal state preparation for subsequent measurements
. The minimum disturbance operation can be made to approximate a nonde
molition measurement, especially when the information is carried in on
e quadrature component only. In the preparation mode, we find that the
recording accuracy of the probe signals plays an essential role. We r
estrict the discussion to the first and second moments only, but the m
ethod can easily be generalized to any situation, Choosing all modes t
o be in squeezed coherent states originally, we can carry out analytic
al considerations; other cases can be treated numerically. The results
are presented and discussed in detail as the paradigm of a class of r
ealizable measurements.