1981
DOI: 10.1109/tsmc.1981.4308606
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The Satisficing Process: A New Look

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Cited by 9 publications
(2 citation statements)
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“…Put another way, to satisfice is to accept the best solution so far obtained, once the cost of continuing to search exceeds the expected improvement in value were the search to continue. Many other variations of this concept have appeared in the literature [6,13,19,22,27,28,32,34,39,49,50,[53][54][55], and it is not the intent of this paper to review them in detail. Suffice it to say, however, that all of these approaches view satisficing as a species of bounded rationality: one settles for a solution that is deemed to be "good enough," but which is not necessarily, and usually not, optimal in any meaningful sense.…”
Section: Satisficingmentioning
confidence: 99%
“…Put another way, to satisfice is to accept the best solution so far obtained, once the cost of continuing to search exceeds the expected improvement in value were the search to continue. Many other variations of this concept have appeared in the literature [6,13,19,22,27,28,32,34,39,49,50,[53][54][55], and it is not the intent of this paper to review them in detail. Suffice it to say, however, that all of these approaches view satisficing as a species of bounded rationality: one settles for a solution that is deemed to be "good enough," but which is not necessarily, and usually not, optimal in any meaningful sense.…”
Section: Satisficingmentioning
confidence: 99%
“…The neighborhood systems are then defined as This very general notion of convergence has applications for the so-called statisficing process in the theory of decision making. 60…”
Section: Separation Axiomsmentioning
confidence: 99%