An Efficient Algorithm for the 0-1 Knapsack Problem

Published Online:https://doi.org/10.1287/mnsc.23.1.27

In this note we present an efficient algorithm for the 0-1 knapsack problem and announce the availability of a callable FORTRAN subroutine which solves this problem. Computational results show that 50 variable problems can be solved in an average of 4 milliseconds and 200 variable problems in an average of 7 milliseconds on an IBM 360/91.

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