The document discusses different scheduling algorithms used by operating systems. It begins by explaining that the scheduler decides which process to activate from the ready queue when multiple processes are runnable. There are long-term, medium-term, and short-term schedulers that control admission of jobs, memory allocation, and CPU sharing respectively. The goal of scheduling is to optimize system performance and resource utilization while providing responsive service. Common algorithms include first-come first-served (FCFS), shortest job first (SJF), priority scheduling, and round-robin. FCFS schedules processes in the order of arrival while SJF selects the shortest job first. Priority scheduling preempts lower priority jobs.