The document discusses different algorithms for efficiently managing timers in computer systems. It presents hashed and hierarchical timing wheel algorithms as improvements over traditional approaches. Hashed timing wheels improve performance by hashing timer intervals to "buckets" in a virtual wheel structure to reduce lookup costs. Hierarchical timing wheels organize timers at multiple levels of granularity from hours to seconds to further improve efficiency. The paper analyzes the time and space complexity of starting, stopping, and processing timers for each approach.