This paper reports the results of the implementation of the multicriteria optimization approach to the Hungarian Regional Investment Allocation Model, a component of IIASA's Food and Agriculture Program's (FAP) Hungarian Task 2 Case Study of the "Analysis of the Impacts of Technological Development on Production and the Environment". The reference point approach of Wierzbicki (1979) has been used. Several types of objective functions to be optimized have been considered. Primary numerical results are presented. Description of the implemented packages and instructions are given. Suggestions for further research directions are stated.