Cost of consistency for polynomial-time randomized algorithms
Determine whether imposing per-step consistency—restricting an online algorithm for monotone submodular maximization under a cardinality constraint to make at most a constant number of changes per insertion—incurs a fundamental loss in the best achievable approximation ratio by polynomial-time randomized algorithms. Concretely, ascertain whether the optimal approximation ratio for polynomial-time randomized consistent algorithms is strictly below the classical offline (1−1/e) barrier or can match it.
References
We leave as an intriguing open problem, whether there is a "cost of consistency" for poly-time randomized algorithms.
Several quantitative questions remain open. What is the minimum hard recourse needed to attain $-\varepsilon$ as $\varepsilon\downarrow0$---in particular, must it diverge?