A new approach for bandwidth allocation and congestion control is reported in this paper, which is of the Rate Controlled admission with Priority Scheduling service type. It is called Dynamic Time Sharing (DTS), because of the dynamic nature of the procedure for resource partitioning to allocate and guarantee a required bandwidth for every traffic class. This approach is based on guaranteeing specific traffic parameters (bandwidth requirements) through a policing unit, and then optimizing the bandwidth assignment within the network for specific parameters of interest (like delay or jitter, and loss). The optimization process is based on the parameters guaranteed by the policing unit. A batch admission policy is used at the edges of the network according to a specific framing strategy to follow the traffic characteristics (e.g., the traffic constraint function) of different traffic classes. On the other hand, another framing (congestion control) strategy is used within the network, whi...