Combining classical approximability questions with parameterized complexity, we introduce a theory of parameterized approximability.
The main intention of this theory is to deal with the efficient approximation of small cost solutions for optimisation problems.

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In the set cover problem we are given a collection of $m$ sets whose union covers $[n] = \{1,\ldots,n\}$ and must find a minimum-sized subcollection whose union still covers $[n]$. We investigate the approximability of set cover by an approximation ratio that depends only on $m$ and observe that, for ... more >>>

In this paper we present a new approximation algorithm for the MAX ACYCLIC SUBGRAPH problem. Given an instance where the maximum acyclic subgraph contains (1/2 + delta) fraction of all edges, our algorithm finds an acyclic subgraph with (1/2 + Omega(delta/ log n)) fraction of all edges.

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