The ski rental problem is the name given to a class of problems in which there is a choice between continuing to pay a repeating cost or paying a one-time cost which eliminates or reduces the repeating cost.
Read more about Ski Rental Problem: The Problem, The Break-even Algorithm, Can You Do Better Than Break-even?, Applications, See Also
Famous quotes containing the words ski and/or problem:
“The goal for all blind skiers is more freedom. You don’t have to see where you’re going, as long as you go. In skiing, you ski with your legs and not with your eyes. In life, you experience things with your mind and your body. And if you’re lacking one of the five senses, you adapt.”
—Lorita Bertraun, Blind American skier. As quoted in WomenSports magazine, p. 29 (January 1976)
“The problem is simply this: no one can feel like CEO of his or her life in the presence of the people who toilet trained her and spanked him when he was naughty. We may have become Masters of the Universe, accustomed to giving life and taking it away, casually ordering people into battle or out of their jobs . . . and yet we may still dirty our diapers at the sound of our mommy’s whimper or our daddy’s growl.”
—Frank Pittman (20th century)