How can Dynamic Programming be used to solve the Rod Cutting problem?

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How can Dynamic Programming be used to solve the Rod Cutting problem?

Dynamic Programming can be used to solve the Rod Cutting problem by breaking it down into smaller subproblems and solving them in a bottom-up manner.

The Rod Cutting problem involves finding the maximum value obtainable by cutting a rod of length n into smaller pieces, each with a certain value.

To solve this problem using Dynamic Programming, we can create an array dp[] of size n+1, where dp[i] represents the maximum value obtainable by cutting a rod of length i.

We start by initializing dp[0] to 0, as there is no value for a rod of length 0.

Then, for each length i from 1 to n, we iterate through all possible cuts j from 1 to i and calculate the maximum value obtainable by either keeping the rod of length i-j as it is or cutting it further.

The formula to calculate dp[i] is:
dp[i] = max(dp[i], price[j] + dp[i-j])

Here, price[j] represents the value of the rod of length j.

By iteratively calculating dp[i] for all lengths i, we can find the maximum value obtainable for the given rod length n.

Finally, the value stored in dp[n] will be the maximum value obtainable by cutting the rod.