To manage the placement of parentheses, we can utilize the Stack data structure. We will start by initializing an empty stack. For each opening bracket, we will push it onto the stack, and for each closing bracket, we will check the top of the stack. If the top contains a corresponding opening bracket, we move on to the next character; if not, the parentheses are unbalanced. A string of parentheses is considered valid only if every opening bracket has a corresponding closing bracket (not necessarily adjacent) and vice versa. If, at any point during this process, the stack is empty when we come across a closing parenthesis, or if we finish scanning the entire string and there are unmatched opening brackets in the stack, we can determine that the string of parentheses is unbalanced. Regarding time complexity, this method operates in O(n), where n represents the length of the string, since we are examining the entire string. As for space complexity, in the worst-case scenario, where all characters are opening brackets, we would push all of them onto the stack, resulting in O(n). Following this explanation, you can proceed to outline the actual code or pseudocode for this algorithm.