0-1 Knapsack problem (KP) is NP-hard. Approximate solution is vital for solving KP exactly. In this paper, a fast polynomial time approximate solution (FPTAS) is proposed for KP. FPTAS is a local search algorithm. The best approximate solution to KP can be found in the neighborhood of the solution of upper bound for exact k-item knapsack problem (E-kKP) where k is near to the critical item s. FPTAS, in practice, often achieves high accuracy with high speed in solving KP. The computational experiments show that the approximate algorithm for KP is valid.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.