I heard the only difference between dynamic programming and back tracking is DP allows overlapping of sub problems, e.g.
fib(n) = fib(n-1) + fib (n-2)
Is it right? Are there any other differences?
Also, I would like know some common problems solved using these techniques.
Say that we have a solution tree, whose leaves are the solutions for the original problem, and whose non-leaf nodes are the suboptimal solutions for part of the problem. We try to traverse the solution tree for the solutions.
Dynamic programming is more like BFS: we find all possible suboptimal solutions represented the non-leaf nodes, and only grow the tree by one layer under those non-leaf nodes.
Backtracking is more like DFS: we grow the tree as deep as possible and prune the tree at one node if the solutions under the node are not what we expect.
Then there is one inference derived from the aforementioned theory: Dynamic programming usually takes more space than backtracking, because BFS usually takes more space than DFS (O(N) vs O(log N)). In fact, dynamic programming requires memorizing all the suboptimal solutions in the previous step for later use, while backtracking does not require that.
IMHO, the difference is very subtle since both (DP and BCKT) are used to explore all possibilities to solve a problem.
As for today, I see two subtelties:
BCKT is a brute force solution to a problem. DP is not a brute force solution. Thus, you might say: DP explores the solution space more optimally than BCKT. In practice, when you want to solve a problem using DP strategy, it is recommended to first build a recursive solution. Well, that recursive solution could be considered also the BCKT solution.
There are hundreds of ways to explore a solution space (wellcome to the world of optimization) "more optimally" than a brute force exploration. DP is DP because in its core it is implementing a mathematical recurrence relation, i.e., current value is a combination of past values (bottom-to-top). So, we might say, that DP is DP because the problem space satisfies exploring its solution space by using a recurrence relation. If you explore the solution space based on another idea, then that won't be a DP solution. As in any problem, the problem itself may facilitate to use one optimization technique or another, based on the problem structure itself. The structure of some problems enable to use DP optimization technique. In this sense, BCKT is more general though not all problems allow BCKT too.
Example: Sudoku enables BCKT to explore its whole solution space. However, it does not allow to use DP to explore more efficiently its solution space, since there is no recurrence relation anywhere that can be derived. However, there are other optimization techniques that fit with the problem and improve brute force BCKT.
Example: Just get the minimum of a classic mathematical function. This problem does not allow BCKT to explore the state space of the problem.
Example: Any problem that can be solved using DP can also be solved using BCKT. In this sense, the recursive solution of the problem could be considered the BCKT solution.
Hope this helps a bit.
In a very simple sentence I can say: Dynamic programming is a strategy to solve optimization problem. optimization problem is about minimum or maximum result (a single result). but in, Backtracking we use brute force approach, not for optimization problem. it is for when you have multiple results and you want all or some of them.
Depth first node generation of state space tree with bounding function is called backtracking. Here the current node is dependent on the node that generated it.
Depth first node generation of state space tree with memory function is called top down dynamic programming. Here the current node is dependant on the node it generates.