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Coin Change Problem

Coin Change Problem

Find the minimum number of coins needed to make a given amount using dynamic programming.

Family: Dynamic Programming Status: 📋 Planned

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Overview

The Coin Change problem is a classic dynamic programming challenge that asks: given a set of coin denominations

and a target amount, what is the minimum number of coins needed to make up that amount? This problem demonstrates the power of dynamic programming in solving optimization problems with overlapping subproblems.

While a greedy approach might work for some coin sets (like US coins), it fails for arbitrary denominations. Dynamic programming provides an elegant solution that guarantees the optimal result by building solutions from smaller subproblems.

Mathematical Formulation

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Problem Definition

Given:

  • A set of coin denominations: C = {c₁, c₂, ..., cₙ}
  • A target amount: A

Find the minimum number of coins needed to make amount A:

min Σᵢ₌₁ⁿ xᵢ subject to Σᵢ₌₁ⁿ cᵢxᵢ = A

Where xᵢ represents the number of coins of denomination cᵢ.

Key Properties

Optimal Substructure

The optimal solution for amount A contains optimal solutions for amounts A - cᵢ

Each optimal solution builds on smaller optimal solutions


Overlapping Subproblems

The same subproblems are solved multiple times

Dynamic programming avoids redundant calculations


State Transition

dp[A] = min(dp[A - cᵢ] + 1) for all valid coins cᵢ

Recurrence relation for building solutions


Key Properties

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  • Optimal Substructure


    The optimal solution for amount A contains optimal solutions for amounts A - cᵢ

  • Overlapping Subproblems


    The same subproblems are solved multiple times

  • Greedy vs DP


    Greedy works for some coin sets but fails for arbitrary denominations

Implementation Approaches

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Optimal solution using bottom-up DP approach

Complexity:

  • Time: O(amount × coins)
  • Space: O(amount)

Advantages

  • Optimal solution, guaranteed correct

  • Handles arbitrary coin denominations

  • Clear and straightforward implementation

Disadvantages

  • Requires building solutions for all amounts up to target

  • Can be memory-intensive for large amounts

Top-down approach with caching

Complexity:

  • Time: O(amount × coins)
  • Space: O(amount)

Advantages

  • Natural recursive structure

  • Only computes needed subproblems

  • Good for learning memoization

Disadvantages

  • Uses more memory for memoization

  • Potential stack overflow for large amounts

Fast but may not be optimal for arbitrary coin sets

Complexity:

  • Time: O(coins log coins)
  • Space: O(1)

Advantages

  • Very fast execution

  • Simple implementation

  • Works for standard coin sets (US coins)

Disadvantages

  • May not give optimal results

  • Fails for arbitrary coin denominations

Complete Implementation

The full implementation with error handling, comprehensive testing, and additional variants is available in the source code:

Complexity Analysis

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Time & Space Complexity Comparison

Approach Time Complexity Space Complexity Notes
Dynamic Programming O(amount × coins) O(amount) Optimal solution, guaranteed correct

Performance Considerations

  • DP approach is optimal but requires building solutions for all amounts up to target

  • Memoization useful when you need solutions for multiple amounts

  • Greedy approach only works for coin sets with specific properties (like US coins)

  • Large amounts can make DP memory-intensive

Use Cases & Applications

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Application Categories

Financial Systems

  • Vending Machines: Optimal coin dispensing

  • Cash Registers: Minimum coin change calculation

  • Banking: ATM cash withdrawal optimization

  • Payment Processing: Efficient change distribution

Computer Science

  • Algorithm Design: Dynamic programming principles

  • Optimization Problems: Resource allocation

  • Game Development: Score systems and rewards

  • Data Structures: Understanding state management

Real-World Scenarios

  • Retail: Cashier change optimization

  • Transportation: Fare collection systems

  • Gaming: Point systems and achievements

  • Manufacturing: Part quantity optimization

Educational Value

  • Dynamic Programming: Understanding optimal substructure

  • State Transitions: Learning recurrence relations

  • Optimization: Comparing greedy vs optimal approaches

  • Problem Solving: Breaking complex problems into subproblems

Educational Value

  • Dynamic Programming: Perfect example of optimal substructure and overlapping subproblems

  • Algorithm Design: Shows when greedy approaches fail and DP succeeds

  • State Management: Demonstrates building solutions from smaller subproblems

  • Optimization: Illustrates the trade-off between correctness and efficiency

References & Further Reading

:material-book: Core Textbooks

:material-book:
Introduction to Algorithms
2009MIT PressISBN 978-0-262-03384-8
:material-book:
Algorithm Design
2006PearsonISBN 978-0-321-29535-4

:material-library: Dynamic Programming

:material-book:
Dynamic Programming
1957Princeton University Press
:material-book:
The Art and Theory of Dynamic Programming
1977Academic Press

:material-web: Online Resources

:material-link:
LeetCode problem on coin change
:material-link:
GeeksforGeeks tutorial on dynamic programming
:material-link:
Wikipedia article on coin change problem

:material-code-tags: Implementation & Practice

:material-link:
Python language reference
:material-link:
LeetCode discussion on DP patterns
:material-link:
Interactive algorithm visualization

Interactive Learning

Try implementing the different approaches yourself! This progression will give you deep insight into the algorithm's principles and applications.

Pro Tip: Start with the simplest implementation and gradually work your way up to more complex variants.

Related Algorithms in Dynamic Programming:

  • Fibonacci Sequence - Classic sequence where each number is the sum of the two preceding ones, demonstrating recursion, memoization, and dynamic programming.

  • 0/1 Knapsack Problem - Optimize value within weight constraints using dynamic programming for resource allocation.