A decision-making strategy based on trying to develop solutions to problems that are acceptable and that meet certain criteria for adequacy rather than attempting to identify an optimal solution.
Leslie Pal writes in Beyond Policy Analysis that the objective in most human decision-making is to find solutions that satisfice. In other words, Pal argues that most decision-making involves trying to find a workable rather than perfect or optimal solution to problems.
(Pal. Leslie. 2006. Beyond Policy Analysis: Public Issue Management in Turbulent Times, 3rd ed. Toronto: Nelson Education.)