Despite the fact that approximate computations have come to dominate many areas of computer science, the field of program transformations has focused almost exclusively on traditional semantics-preserving transformations that do not attempt to exploit the opportunity, available in many computations, to acceptably trade off accuracy for benefits such as increased performance and reduced resource consumption.We present a model of computation for approximate computations and an algorithm for optimizing these computations. The algorithm works with two classes of transformations: substitution transformations (which select one of a number of available implementations for a given function, with each implementation offering a different combination of accuracy and resource consumption) and sampling transformations (which randomly discard some of the inputs to a given reduction). The algorithm produces a (1+ε) randomized approximation to the optimal randomized computation (which minimizes resource consumption subject to a probabilistic accuracy specification in the form of a maximum expected error or maximum error variance).
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