The document discusses the 0/1 knapsack problem and dynamic programming algorithm to solve it. The 0/1 knapsack problem involves selecting a subset of items to pack in a knapsack that maximizes the total value without exceeding the knapsack's weight capacity. The dynamic programming algorithm solves this by building up a table where each entry represents the maximum value for a given weight. It iterates through items, checking if including each item increases the maximum value for that weight.