Abstract: We treat the text summarization problem as maximizing a submodular function under a budget constraint. We show, both theoretically and empirically, a modified greedy algorithm can efficiently solve the budgeted submodular maximization problem near-optimally, and we derive new approximation bounds in doing so. Experiments on DUC'04 task show that our approach is superior to the best-performing method from the DUC'04 evaluation on ROUGE-1 scores.
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