The Held-Karp algorithm is a dynamic programming approach designed to solve the Traveling Salesman Problem (TSP), which seeks the shortest possible route visiting each city exactly once and returning to the origin. This algorithm efficiently computes the optimal solution by breaking down the problem into smaller subproblems and storing the results, allowing for reduced computational complexity compared to brute-force methods. Its significance lies in its ability to handle larger datasets than traditional methods while ensuring accuracy in finding the minimum cost Hamiltonian cycle.
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