In: Computer Science
What are the different algorithms we may use to solve the 0/1 Knapsack problem? Compare and contrast the different methods.
We can use Brute Force, Dynamic Programming, Memory Functions, Branch and Bound, and Greedy Algorithms to solve the Knapsack Problem where one has to maximize the benefit of items in a knapsack without extending its capacity.
Testing I: Increase the number of items & Capacity = 50
The comparative study of the brute force, greedy, dynamic
programming, branch and bound and genetic algorithms shows that
while the complexities of these algorithms are known, the nature of
the problem they are applied to makes some of them more suitable
than others. The best approximation approaches for the 0/1 Knapsack
Problem are dynamic programming and genetic algorithms. As we have
shown, the choice between the two depends on the capacity of the
knapsack and the size of the population. However, one may decide to
choose dynamic programming over genetic algorithms in any
circumstances, because it is easy and straightforward to code. In
contrast, genetic algorithms require a lot more time in terms of
understanding the concepts of the paradigm and in terms of
programming effort.