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A New Fully Polynomial Time Approximation Scheme for the Knapsack Problem
Authors:Hans Kellerer  Ulrich Pferschy
Institution:(1) Department of Statistics and Operations Research, University of Graz, Universitätsstr. 15, A-8010 Graz, Austria
Abstract:A fully polynomial time approximation scheme (FPTAS) is presented for the classical 0-1 knapsack problem. The new approach considerably improves the necessary space requirements. The two best previously known approaches need O(n + 1/epsi3) and O(n · 1/epsi) space, respectively. Our new approximation scheme requires only O(n + 1/epsi2) space while also reducing the running time.
Keywords:knapsack problem  fully polynomial approximation scheme
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