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In theoretical computer science, the continuous knapsack problem (also known as the fractional knapsack problem) is an algorithmic problem in combinatorial optimization in which the goal is to fill a container (the "knapsack") with fractional amounts of different materials chosen to maximize the value of the selected materials.
The knapsack problem is one of the most studied problems in combinatorial optimization, with many real-life applications. For this reason, many special cases and generalizations have been examined. For this reason, many special cases and generalizations have been examined.
A 1999 study of the Stony Brook University Algorithm Repository showed that, out of 75 algorithmic problems related to the field of combinatorial algorithms and algorithm engineering, the knapsack problem was the 19th most popular and the third most needed after suffix trees and the bin packing problem.
The problem of fractional knapsack with penalties was introduced by Malaguti, Monaci, Paronuzzi and Pferschy. [44] They developed an FPTAS and a dynamic program for the problem, and they showed an extensive computational study comparing the performance of their models.
The knapsack problem can be solved by dynamic programming in pseudo-polynomial time: (), where m is the number of inputs and V is the number of different possible values. To get a polynomial-time algorithm, we can solve the knapsack problem approximately, using input rounding.
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