The document discusses greedy algorithms and how they can be applied to solve optimization problems like the knapsack problem, activity selection problem, and job sequencing problem. It provides examples of greedy algorithms for each problem. A greedy algorithm works by making locally optimal choices at each step in the hope of finding a globally optimal solution. For the knapsack problem, the greedy approach sorts items by profit/weight ratio and fills the knapsack accordingly. For activity selection, it schedules activities based on earliest finish time. For job sequencing, it sorts jobs by profit and schedules the most profitable jobs that meet deadlines.