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Error Bounds and the Applicability of the Greedy Solution to the Coin-Changing Problem

B. N. Tien and T. C. Hu
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B. N. Tien: Burroughs Corporation, San Diego, California
T. C. Hu: University of California, La Jolla, California

Operations Research, 1977, vol. 25, issue 3, 404-418

Abstract: Necessary and sufficient conditions have been given that characterize the data for which a greedy algorithm solves the coin-changing problem. In this paper we study the problem of maximum percentage error when the greedy solution does not work. We also generalize a result of Johnson and Kernighan to the case for which each coin is of different weight.

Date: 1977
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