Greedy algorithm

Greedy algorithms determine the minimum number of coins to give while making change. These are the steps most people would take to emulate a greedy algorithm to represent 36 cents using only coins with values {1, 5, 10, 20}. The coin of the highest value, less than the remaining change owed, is the local optimum. (In general, the change-making problem requires dynamic programming to find an optimal solution; however, most currency systems are special cases where the greedy strategy does find an optimal solution.)

A greedy algorithm is any algorithm that follows the problem-solving heuristic of making the locally optimal choice at each stage.[1] In many problems, a greedy strategy does not produce an optimal solution, but a greedy heuristic can yield locally optimal solutions that approximate a globally optimal solution in a reasonable amount of time.

For example, a greedy strategy for the travelling salesman problem (which is of high computational complexity) is the following heuristic: "At each step of the journey, visit the nearest unvisited city." This heuristic does not intend to find the best solution, but it terminates in a reasonable number of steps; finding an optimal solution to such a complex problem typically requires unreasonably many steps. In mathematical optimization, greedy algorithms optimally solve combinatorial problems having the properties of matroids and give constant-factor approximations to optimization problems with the submodular structure.

  1. ^ Black, Paul E. (2 February 2005). "greedy algorithm". Dictionary of Algorithms and Data Structures. U.S. National Institute of Standards and Technology (NIST). Retrieved 17 August 2012.