In recent years a large number of problems have been considered in external
memory models of computation, where the complexity measure is the number of
blocks of data that are moved between slow external memory and fast internal
memory (also called I/Os). In practice, however, internal memory time often
dominates the total running time once I/O-efficiency has been obtained. In this
paper we study algorithms for fundamental problems that are simultaneously
I/O-efficient and internal memory efficient in the RAM model of computation.Comment: To appear in Proceedings of ISAAC 2013, getting the Best Paper Awar