The problem of theodicy

In Chapter 11 of Livingston's Anatomy of the Sacred the author discusses what has come to called the problem of theodicy, or justifying the existence of an all-good, all-powerful God in the presence of evil and suffering. In other words, can the reality of such a being be reconciled with the existence of so much evil and suffering in the world. Chapter 11 discusses different approaches or solution to this problem. Discuss at least three approaches and choose which one of the three you consider most satisfactory.