Define a $k$-permutation of $\{1,\ldots, n\}$ to be a word $\tau_1 \ldots \tau_k$ such that $\{\tau_1,\ldots,\tau_k\}$ is a $k$-subset of $\{1,\ldots, n\}$. Thus an $n$-permutation of $\{1,\ldots, n\}$ is a permutation written in one-line form. Given a $k$-permutation $\tau$ and a permutation $\sigma$ of $\{1,\ldots, n\}$, say that $\sigma$ contains $\tau$ if there exist positions $i_1 < \ldots < i_k$ such that $\sigma_{i_1} = \tau_1, \ldots, \sigma_{i_k} = \tau_k$.
For $k \le n$, let $f_k(n)$ be the minimum $m$ such that there exist permutations $\sigma^{(1)}, \ldots, \sigma^{(m)}$ of $\{1,\ldots, n\}$ that taken together contain every $k$-permutation of $\{1,\ldots, n\}$.
What is known about the asymptotics of $f_k(n)$ as $n \rightarrow \infty$?
It's easy to see that $f_k(n) \ge k!$ for all $n \ge k$, and that $f_2(n) = 2$ for all $n \ge 2$: just take $\sigma^{(1)} = 12\ldots n$ and $\sigma^{(2)} = n\ldots 21$. Some case-by-case checking shows that $f_3(4) \ge 7$; since
$$1234,4321,3412,2413,3214,1432,4231$$
together contain every $3$-permutation of $\{1,2,3,4\}$, we have $f_3(4) = 7$. A simple greedy algorithm gives the upper bounds
$$f_3(5) \le 8, f_3(6) \le 9, f_3(7) \le 11, f_3(8) \le 12$$
and $f_4(5) = 24$, $f_4(6) \le 36$, $f_4(7) \le 44$, $f_4(8) \le 47$.
What specific values of $f_k(n)$ have been computed and what techniques were used?