Algorithm

Priority Queue Algorithm:

1. Initialize an empty priority queue.
2. Insert elements into the priority queue with their associated priority.
3. While the priority queue is not empty:
   1. Extract the element with the highest priority (or lowest, depending on the implementation).
   2. Process the extracted element (e.g., print or store it).
   3. If applicable, update the priorities of remaining elements.

Example:

Fig. 1: Example of Priority Queue Operations

Note: Priority queues are commonly implemented using heaps for efficient insertion and extraction operations.