Maintaining Approximate Maximum Weighted Matching in Fully Dynamic   Graphs
  We present a fully dynamic algorithm for maintaining approximate maximum weight matching in general weighted graphs. The algorithm maintains a matching ${\cal M}$ whose weight is at least $1/8 M^{*}$ where $M^{*}$ is the weight of the maximum weight matching. The algorithm achieves an expected amortized $O(\log n \log \mathcal C)$ time per edge insertion or deletion, where $\mathcal C$ is the ratio of the weights of the highest weight edge to the smallest weight edge in the given graph. Using a simple randomized scaling technique, we are able to obtain a matching whith expected approximation ratio 4.9108. 
Abhash Anand and Surender Baswana and Manoj Gupta and Sandeep Sen
cs.DS