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Greedy Introduction. Greedy algorithms are simple and straightforward. They are shortsighted in their approach in the sense that they take decisions on the basis of information at hand without worrying about the effect these decisions may have in the future. They are easy to invent, easy to implement and most of the time quite efficient.
Genetic Algorithms. Definition: A genetic algorithm is a search technique that uses the principles of evolution and natural selection theory in order to optimise business processes and best apportion limited resources.The biological theory of natural selection has long been an accepted truth for biologists.enetic algorithms can be used to optimise business processes by considering the demands and conditions of the surrounding environment-essentially, allowing process designers to design a process that will be most likely to succeed in the current market environment.