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The example they gave makes it seem easy: Alice pays Bob $5, Bob pays Bill $5, so just have Alice pay Bill directly.
Model the problem as a graph where each person is a node and transactions are edges, then compute each person's net balance. The goal is to minimize the number of transactions to settle all debts, which can be approached by repeatedly matching the largest creditor with the largest debtor, or using a backtracking/DP approach for optimality. Explain the trade-offs between greedy and optimal solutions.
Pro tip: Mention that the problem is NP-hard in general (minimum transactions is equivalent to the minimum number of edges to make all balances zero, which is related to the subset-sum problem), so for large inputs a greedy approach is often used, but for small inputs an exact algorithm like backtracking with memoization can be used. This shows awareness of complexity and practical constraints.
Ask clarifying questions: Are transactions directed? Can we assume the net balances sum to zero? Is the goal to minimize the number of transactions or the total amount transferred? Confirm that we only care about the net amount each person owes or is owed.
For each person, calculate their net balance by summing all amounts they paid and received. This reduces the problem to settling these net balances with the fewest transactions.
Discuss options: a greedy approach (match largest creditor with largest debtor) which is simple but not always optimal, or an exact approach using backtracking/DP (e.g., recursively settle the first non-zero balance by trying all opposite-sign balances) which guarantees minimum transactions but may be exponential.
Explain that the exact problem is NP-hard (can be reduced from subset sum), so for large N, greedy is practical. For small N (e.g., N ≤ 10), backtracking with memoization is feasible. Mention that the greedy approach often yields near-optimal results.
Write code for the chosen approach, handle edge cases (all balances zero, one person owes everyone), and test with examples. If time permits, discuss optimizations like pruning in backtracking or using a priority queue for greedy.
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