Complexity of dynamic programming algorithm for Knapsack
The first complexity measure is in terms of the target weight, the second in terms of the heaviest element. Since $W \leq nV$ (or rather, we can assume that $W \leq nV$), the first estimate $O(nW)$ implies the second $O(n^2V)$. So $O(nW)$ is a stronger estimate than $O(n^2V)$.