In several countries, low-level radioactive wastes are treated and stored awaiting construction and operation of a final repository. In some cases, interim storage may be extended for decades requiring special attention regarding security issues. The International Atomic Energy Agency (IAEA) recommends segregation of wastes that may be exempted from interim storage or ultimate disposal. The paper presents a method to optimize the decision making process regarding exemption vs. interim storage or ultimate disposal of these wastes.