Reoptimization is a setting in which we are given a good approximate solution of an optimization problem instance and a local modification that slightly changes the instance. The main goal is that of finding a good approximate solution of the modified instance. We investigate one of the most studied scenarios in reoptimization known as Steiner tree reoptimization. Steiner tree reoptimization is a collection of strongly \(\textsf {NP}\) -hard optimization problems that are defined on top of the classical Steiner tree problem and for which several constant-factor approximation algorithms have been designed in the last decades. In this paper we improve upon all these results by developing a novel technique that allows us to design polynomial-time approximation schemes. Remarkably, prior to this paper, no approximation algorithm better than recomputing a solution from scratch was known for the elusive scenario in which the cost of a single edge decreases. Our results are best possible since none of the problems addressed in this paper admits a fully polynomial-time approximation scheme, unless \(\textsf {P}=\textsf {NP}\)
