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On Exact and Approximate Solutions for Hard Problems: An Alternative Look

  • R. S. Bartholo
  • C. A. Cosenza
  • F. A. Doria
  • M. Doria
  • A. Teixeira
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    We discuss in an informal, general audience style the da Costa-Doria conjecture about the independence of the P = NP hypothesis and try to briefly assess its impact on practical situations in economics. The paper concludes with a discussion of the Coppe-Cosenza procedure, which is an approximate, partly heuristic algorithm for allocation problems.

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    Paper provided by ASSRU - Algorithmic Social Science Research Unit in its series ASSRU Discussion Papers with number 1103.

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    Date of creation: 2011
    Date of revision:
    Handle: RePEc:trn:utwpas:1103
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    1. K. Vela Velupillai & Ying Fang Kao, 2011. "Herbert A. Simon," ASSRU Discussion Papers 1115, ASSRU - Algorithmic Social Science Research Unit.
    2. K. Vela Velupillai, 2007. "A Computable Economist’s Perspective on Computational Complexity," Department of Economics Working Papers 0723, Department of Economics, University of Trento, Italia.
    3. Bartholo, R.S. & Cosenza, C.A.N. & Doria, F.A. & de Lessa, C.T.R., 2009. "Can economic systems be seen as computing devices?," Journal of Economic Behavior & Organization, Elsevier, vol. 70(1-2), pages 72-80, May.
    4. Tjalling C. Koopmans & Martin J. Beckmann, 1955. "Assignment Problems and the Location of Economic Activities," Cowles Foundation Discussion Papers 4, Cowles Foundation for Research in Economics, Yale University.
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