Dynamic bandwidth queue allocation

In one of many possible embodiments, a system includes a plurality of queues configured to share an amount of bandwidth, the amount of bandwidth being allocated between the queues in accordance with a plurality of queue weighting factors associated with the queues. The system further includes an admission control subsystem configured to dynamically adjust the queue weighting factors when a predefined condition has been satisfied. In certain embodiments, the admission control subsystem is configured to adjust the queue weighting factors based on a ratio of bandwidth provisioned on the plurality of queues. In certain embodiments, each of the queues is associated with a different class of service.