There are some algorithm families.
PTAS(Polynomial-time approximation scheme)
$\operatorname{PTAS}$ is a family of algorithms which is a $(1 + \epsilon)$ - approximation for minimization problem and a $(1 - \epsilon)$ - approximation for maximization problem. Notice that running time may depend on $\epsilon$. However, without polynomial restriction for it.
FPAS, FPTAS(Fully polynomial-time approximation scheme)
$\operatorname{FPAS}$ is a family of algorithms which is $\operatorname{PTAS}$ and running time is also bounded to a polynomial in $\frac{1}{\epsilon}$.