2018
DOI: 10.1007/978-3-319-96151-4_14
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A PTAS for the Time-Invariant Incremental Knapsack Problem

Abstract: The Time-Invariant Incremental Knapsack problem (IIK) is a generalization of Maximum Knapsack to a discrete multi-period setting. At each time, capacity increases and items can be added, but not removed from the knapsack. The goal is to maximize the sum of profits over all times. IIK models various applications including specific financial markets and governmental decision processes. IIK is strongly NP-hard [7] and there has been work [7,8,11,21,23] on giving approximation algorithms for some special cases. In… Show more

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Cited by 10 publications
(7 citation statements)
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“…For instance, well-informed households generally wish to optimize how their cumulative income is invested over time into low-volatility securities that procure regular payments; from that angle, time-varying discounts reflect specific households' investment profiles. Similarly, this approach can be utilized for modeling the selection of investments in bond markets and various government decision processes, as illustrated by Faenza and Malinovic (2018). Additionally, the incremental knapsack problem has certain structural similarities with sequential assortment optimization problems in revenue management (Davis et al 2015, Gallego et al 2020, Aouad and Segev 2020, Derakhshan et al 2018) as well as with the generalized assignment problem (Shmoys and Tardos 1993, Chekuri and Khanna 2005, Fleischer et al 2011, Feige and Vondrák 2010.…”
Section: Introductionmentioning
confidence: 99%
See 1 more Smart Citation
“…For instance, well-informed households generally wish to optimize how their cumulative income is invested over time into low-volatility securities that procure regular payments; from that angle, time-varying discounts reflect specific households' investment profiles. Similarly, this approach can be utilized for modeling the selection of investments in bond markets and various government decision processes, as illustrated by Faenza and Malinovic (2018). Additionally, the incremental knapsack problem has certain structural similarities with sequential assortment optimization problems in revenue management (Davis et al 2015, Gallego et al 2020, Aouad and Segev 2020, Derakhshan et al 2018) as well as with the generalized assignment problem (Shmoys and Tardos 1993, Chekuri and Khanna 2005, Fleischer et al 2011, Feige and Vondrák 2010.…”
Section: Introductionmentioning
confidence: 99%
“…In this setting, Bienstock et al (2013) attained a PTAS in the regime where the number of time periods is sublogarithmic in the number of items, i.e., T = O( √ log n). Recently, Faenza and Malinovic (2018) developed a PTAS for the time-invariant incremental knapsack problem without additional assumptions. Their approach combines techniques such as problem sparsification, compact enumeration, and LP-rounding methods.…”
Section: Introductionmentioning
confidence: 99%
“…A PTAS for the IKP when the discount factor is 1 (time invariant, referred to as IIKP) and T = O √ log n has been found in Bienstock et al (2013), and it has been shown that IIKP is strongly NP-hard. Later, Faenza and Malinovic (2018) proposed the first PTAS for IIKP regardless of T , and Della Croce et al ( 2019) proposed an PTAS for IKP when T is a constant. Most recent developments of IKP include Aouad and Segev (2020); Faenza et al (2020).…”
Section: Introductionmentioning
confidence: 99%
“…Surprisingly, unlike the basic knapsack problem, Bienstock et al (2013) showed that this extension is strongly NP-hard. On the positive side, Faenza and Malinovic (2018) proposed a polynomial-time approximation scheme (PTAS) based on rounding fractional solutions to an appropriate disjunctive relaxation. In the broader incremental knapsack problem, we have p it = φ i • T τ =t ∆ τ , where ∆ τ ≥ 0 is a time-dependent scaling factor; in this context, Aouad and Segev (2020) have very recently obtained a PTAS, leveraging approximate dynamic programming ideas.…”
Section: Introductionmentioning
confidence: 99%