The document discusses the dynamic programming approach to solving the matrix chain multiplication problem. It explains that dynamic programming breaks problems down into overlapping subproblems, solves each subproblem once, and stores the solutions in a table to avoid recomputing them. It then presents the algorithm MATRIX-CHAIN-ORDER that uses dynamic programming to solve the matrix chain multiplication problem in O(n^3) time, as opposed to a brute force approach that would take exponential time.