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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 and A. Teixeira

No 1103, ASSRU Discussion Papers from ASSRU - Algorithmic Social Science Research Unit

Abstract: 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.

Keywords: P vs. NP; allocation problem; assignment problem; traveling salesman; exact solution for NP problems; approximate solutions for NP problems; undecidability; incompleteness (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-cmp
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