Abstract: A method comprising using at least one hardware processor for receiving sensory data from at least one physical or virtual sensor. The hardware processor(s) are used for computing a plurality of decision options for configuration of the at least one physical or virtual sensor. The hardware processor(s) are used for computing a plurality of utility functions, and for each utility function: (a) computing a utility value for each decision option, and (b) identifying a first subset of decision options that substantially maximize the computed utility values. The hardware processor(s) are used for selecting at least one cross-function decision option from of the first subsets, wherein the at least one cross-function decision option is included in a substantially maximum number of the first subsets. The hardware processor(s) are used for applying at least one of the at least one cross-function decision options, to at least one physical or virtual sensor.