The document explains the greedy method, which is a strategy for solving optimization problems by progressively building solutions one element at a time, making decisions based on the best available options at each stage. It discusses various applications of the greedy method, including the knapsack problem, minimum spanning tree algorithms (Kruskal’s and Prim’s), Dijkstra’s algorithm for shortest paths, and the job sequencing problem. Key concepts such as feasible and optimal solutions are also defined, along with associated algorithms for these problems.