The Knapsack Problem

John J. Bartholdi

Chapter 2 in Building Intuition, 2008, pp 19-31 from Springer

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?

Keywords: Scarce Resource; Knapsack Problem; Longe Path; Investment Portfolio; Customer Order (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1007/978-0-387-73699-0_2

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