The document discusses the longest common subsequence (LCS) problem. It provides an example to calculate the LCS of two DNA sequences, X={ATGCTTC} and Y={GCTCA}, using a dynamic programming algorithm. The algorithm populates a 2D matrix by incrementing values when characters match and otherwise copying values from above or left. The LCS is read from the populated matrix as GCTC, demonstrating the method to find the longest common subsequence of two sequences.