Satisficing - a decision-making strategy or cognitive heuristic that entails searching through the available alternatives until an acceptability threshold is met.
"Decision makers can satisfice either by finding optimum solutions for a simplified world, or by finding satisfactory solutions for a more realistic world. Neither approach, in general, dominates the other, and both have continued to co-exist in the world of management science" - Herbert A. Simon
Related: Herbert Simon's satisficing life