Intro to Algorithms
Constant factor approximation refers to a type of approximation algorithm that guarantees a solution within a fixed multiplicative factor of the optimal solution for optimization problems, especially those that are NP-complete. This concept is crucial in the study of algorithms as it helps assess the performance and efficiency of algorithms when finding solutions to difficult problems. By understanding constant factor approximations, one can evaluate how close an approximation algorithm's output is to the best possible result and compare the effectiveness of different algorithms for similar problems.
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