What is the difference between dynamic programming and greedy approach?
Solution 1:
Based on Wikipedia's articles.
Greedy Approach
A greedy algorithm is an algorithm that follows the problem solving heuristic of making the locally optimal choice at each stage with the hope of finding a global optimum. In many problems, a greedy strategy does not in general produce an optimal solution, but nonetheless a greedy heuristic may yield locally optimal solutions that approximate a global optimal solution in a reasonable time.
We can make whatever choice seems best at the moment and then solve the subproblems that arise later. The choice made by a greedy algorithm may depend on choices made so far but not on future choices or all the solutions to the subproblem. It iteratively makes one greedy choice after another, reducing each given problem into a smaller one.
Dynamic programming
The idea behind dynamic programming is quite simple. In general, to solve a given problem, we need to solve different parts of the problem (subproblems), then combine the solutions of the subproblems to reach an overall solution. Often when using a more naive method, many of the subproblems are generated and solved many times. The dynamic programming approach seeks to solve each subproblem only once, thus reducing the number of computations: once the solution to a given subproblem has been computed, it is stored or "memo-ized": the next time the same solution is needed, it is simply looked up. This approach is especially useful when the number of repeating subproblems grows exponentially as a function of the size of the input.
Difference
Greedy choice property
We can make whatever choice seems best at the moment and then solve the subproblems that arise later. The choice made by a greedy algorithm may depend on choices made so far but not on future choices or all the solutions to the subproblem. It iteratively makes one greedy choice after another, reducing each given problem into a smaller one. In other words, a greedy algorithm never reconsiders its choices.
This is the main difference from dynamic programming, which is exhaustive and is guaranteed to find the solution. After every stage, dynamic programming makes decisions based on all the decisions made in the previous stage, and may reconsider the previous stage's algorithmic path to solution.
For example, let's say that you have to get from point A to point B as fast as possible, in a given city, during rush hour. A dynamic programming algorithm will look into the entire traffic report, looking into all possible combinations of roads you might take, and will only then tell you which way is the fastest. Of course, you might have to wait for a while until the algorithm finishes, and only then can you start driving. The path you will take will be the fastest one (assuming that nothing changed in the external environment).
On the other hand, a greedy algorithm will start you driving immediately and will pick the road that looks the fastest at every intersection. As you can imagine, this strategy might not lead to the fastest arrival time, since you might take some "easy" streets and then find yourself hopelessly stuck in a traffic jam.
Some other details...
In mathematical optimization, greedy algorithms solve combinatorial problems having the properties of matroids.
Dynamic programming is applicable to problems exhibiting the properties of overlapping subproblems and optimal substructure.
Solution 2:
I would like to cite a paragraph which describes the major difference between greedy algorithms and dynamic programming algorithms stated in the book Introduction to Algorithms (3rd edition) by Cormen, Chapter 15.3, page 381:
One major difference between greedy algorithms and dynamic programming is that instead of first finding optimal solutions to subproblems and then making an informed choice, greedy algorithms first make a greedy choice, the choice that looks best at the time, and then solve a resulting subproblem, without bothering to solve all possible related smaller subproblems.
Solution 3:
Difference between greedy method and dynamic programming are given below :
Greedy method never reconsiders its choices whereas Dynamic programming may consider the previous state.
Greedy algorithm is less efficient whereas Dynamic programming is more efficient.
Greedy algorithm have a local choice of the sub-problems whereas Dynamic programming would solve the all sub-problems and then select one that would lead to an optimal solution.
Greedy algorithm take decision in one time whereas Dynamic programming take decision at every stage.