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The Knapsack Problem

In: Building Intuition

Author

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  • John J. Bartholdi

Abstract

The “knapsack problem” appears in many forms in economics, engineering, and business: any place where one must allocate a single scarce resource among multiple contenders for that resource. It has acquired the fanciful name “knapsack problem” because our common experience of packing luggage expresses something of the flavor of the problem: What should be chosen when space is limited?

Suggested Citation

  • John J. Bartholdi, 2008. "The Knapsack Problem," International Series in Operations Research & Management Science, in: Dilip Chhajed & Timothy J. Lowe (ed.), Building Intuition, chapter 2, pages 19-31, Springer.
    • Handle: RePEc:spr:isochp:978-0-387-73699-0_2
    DOI: 10.1007/978-0-387-73699-0_2
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