>  Term: continuous knapsack problem
continuous knapsack problem

Given materials of different values per unit volume and maximum amounts, find the most valuable mix of materials which fit in a knapsack of fixed volume. Since we may take pieces (fractions) of materials, a greedy algorithm finds the optimum. Take as much as possible of the material that is most valuable per unit volume. If there is still room, take as much as possible of the next most valuable material. Continue until the knapsack is full.

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