English

Logarithmic regret in the dynamic and stochastic knapsack problem with equal rewards

Probability 2019-10-29 v3 Discrete Mathematics Data Structures and Algorithms Optimization and Control

Abstract

We study a dynamic and stochastic knapsack problem in which a decision maker is sequentially presented with items arriving according to a Bernoulli process over nn discrete time periods. Items have equal rewards and independent weights that are drawn from a known non-negative continuous distribution FF. The decision maker seeks to maximize the expected total reward of the items that she includes in the knapsack while satisfying a capacity constraint and while making terminal decisions as soon as each item weight is revealed. Under mild regularity conditions on the weight distribution FF, we prove that the regret---the expected difference between the performance of the best sequential algorithm and that of a prophet who sees all of the weights before making any decision---is, at most, logarithmic in nn. Our proof is constructive. We devise a reoptimized heuristic that achieves this regret bound.

Keywords

Cite

@article{arxiv.1809.02016,
  title  = {Logarithmic regret in the dynamic and stochastic knapsack problem with equal rewards},
  author = {Alessandro Arlotto and Xinchang Xie},
  journal= {arXiv preprint arXiv:1809.02016},
  year   = {2019}
}

Comments

33 pages, 2 figures

R2 v1 2026-06-23T03:56:44.373Z