polynomial-time algorithm

Polynomial-time algorithms are considered to be efficient, while exponential-time algorithms are considered inefficient, because the execution times of the latter grow much more rapidly as the problem size increases.

…can be solved in “polynomial time,” which means that an algorithm exists for its solution such that the number of steps in the algorithm is bounded by a polynomial function of n, where n corresponds to the length of the input for the problem. Thus, P problems are said…

Leonid Khachiyan discovered a polynomial-time algorithm—in which the number of computational steps grows as a power of the number of variables rather than exponentially—thereby allowing the solution of hitherto inaccessible problems. However, Khachiyan’s algorithm (called the ellipsoid method) was slower than the simplex method when practically applied. In 1984…