With the advent of computers, algorithmic principles play an ever increasing role in mathematics. Algorithms have to exploit the structure of the underlying mathematical object, and properties exploited by algorithms are often closely tied to classical structural analysis in mathematics. This connection between algorithms and structure is in particular apparent in discrete mathematics, where proofs are often constructive, and can be turned into algorithms more directly. The principle of greediness plays a fundamental role both in the design of continuous algorithms (where it is called the steepest descent or gradient method) and of discrete algorithms. The discrete structure most closely related to greediness is a matroid; in fact, matroids may be characterized axiomatically as those independence systems for which the greedy solution is optimal for certain optimization problems (e.g. linear objective functions, bottleneck functions). This book is an attempt to unify different approaches and to lead the reader from fundamental results in matroid theory to the current borderline of open research problems. The monograph begins by reviewing classical concepts from matroid theory and extending them to greedoids. It then proceeds to the discussion of subclasses like interval greedoids, antimatroids or convex geometries, greedoids on partially ordered sets and greedoid intersections. Emphasis is placed on optimization problems in greedois. An algorithmic characterization of greedoids in terms of the greedy algorithm is derived, the behaviour with respect to linear functions is investigated, the shortest path problem for graphs is extended to a class of greedoids, linear descriptions of antimatroid polyhedra and complexity results are given and the Rado-Hall theorem on transversals is generalized. The self-contained volume which assumes only a basic familarity with combinatorial optimization ends with a chapter on topological results in connection with greedoids. Oh cieca cupidigia, oh ira folie, Che si ci sproni nella vita corta, E nell' eterna poi si mal c'immolle! o blind greediness and foolish rage, That in our fleeting life so goads us on And plunges us in boiling blood for ever! Dante, The Divine Comedy Inferno, XII, 17, 49/51. On an afternoon hike during the second Oberwolfach conference on Mathematical Programming in January 1981, two of the authors of this book discussed a paper by another two of the authors (Korte and Schrader [1981]) on approximation schemes for optimization problems over independence systems and matroids. They had noticed that in many proofs the hereditary property of independence systems and matroids is not needed: it is not required that every subset of a feasible set is again feasible. A much weaker property is sufficient, namely that every feasible set of cardinality k contains (at least) one feasible subset of cardinality k - 1. We called this property accessibility, and that was the starting point of our investigations on greedoids. Front Matter....Pages I-VIII Introduction....Pages 1-8 Abstract Linear Dependence — Matroids....Pages 9-18 Abstract Convexity — Antimatroids....Pages 19-43 General Exchange Structures — Greedoids....Pages 45-55 Structural Properties....Pages 57-75 Further Structural Properties....Pages 77-88 Local Poset Greedoids....Pages 89-106 Greedoids on Partially Ordered Sets....Pages 107-118 Intersection, Slimming and Trimming....Pages 119-139 Transposition Greedoids....Pages 141-151 Optimization in Greedoids....Pages 153-181 Topological Results for Greedoids....Pages 183-195 Back Matter....Pages 197-214 This monograph attempts to unify different mathematical approaches and to lead the reader from fundamental results in matroid theory to the current state-of-the-art in open research problems. It reviews classical concepts from matroid theory and extends them to greedoids ("greedy" algorithms).