According to this link:
Polynomial Time Approximation Scheme (PTAS) is a type of approximate algorithms that provide user to control over accuracy which is a desirable feature. These algorithms take an additional parameter ε > 0 and provide a solution that is (1 + ε) approximate for minimization and (1 – ε) for maximization. For example consider a minimization problem, if ε is 0.5, then the solution provided by the PTAS algorithm is 1.5 approximate. The running time of PTAS must be polynomial in terms of n, however, it can be exponential in terms of ε.
In PTAS algorithms, the exponent of the polynomial can increase dramatically as ε reduces, for example if the runtime is O(n(1/ε)!) which is a problem. There is a stricter scheme, Fully Polynomial Time Approximation Scheme (FPTAS). In FPTAS, algorithm need to polynomial in both the problem size n and 1/ε.
What I dont understand is the second paragraph stated above. Can someone explain to me whats the difference between FPTAS from PTAS? Can you enlighten me about exponent of the polynomial can increase dramatically as ε reduces and algorithm need to polynomial in both the problem size n and 1/ε. ? I really dont get it. Please help.