Definition
Polynomial-time Approximation Scheme
An approximation scheme is a polynomial-time approximation scheme if, for every fixed constant , the running time of is polynomial in the input size .
Equivalently,
for some function that depends only on .
Meaning
Why polynomial
In a PTAS, the error parameter is fixed first. After that, the algorithm runs in polynomial time in .
The important restriction is only with respect to . The dependence on may still be very bad.
Examples
PTAS but not EPTAS
The running time is a PTAS, because for every fixed it is polynomial in .
It is not an EPTAS, because the exponent of depends on .