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We present a general framework for the design/optimization of materials that is capable of accounting for multiple information sources available to the materials designer. We demonstrate the framework through the microstructure-based design of multi-phase microstructures. Specifically, we seek to maximize the strength normalized strain-hardening rate of a dual-phase ferritic/martensitic steel through a multi-information source Bayesian optimal design strategy. We assume that we have multiple sources of information with varying degrees of fidelity as well as cost. The available information from all sources is fused through a reification approach and then a sequential experimental design is carried out. The experimental design seeks not only to identify the most promising region in the materials design space relative to the objective at hand, but also to identify the source of information that should be used to query this …