Various exemplary embodiments relate to a network node in a distributed dynamic cloud, the node including: a memory; and a processor configured to: observe a local queue backlog at the beginning of a timeslot, for each of a plurality of commodities; compute a processing utility weight for a first commodity based upon the local queue backlog of the first commodity, the local queue backlog of a second commodity, and a processing cost; where the second commodity may be the succeeding commodity in a service chain; compute an optimal commodity using the processing utility weights; wherein the optimal commodity is the commodity with the highest utility weight; assign the number of processing resource units allocated to the timeslot to zero when the processing utility weight of the optimal commodity is less than or equal to zero; and execute processing resource allocation and processing flow rate assignment decisions based upon the optimal commodity.
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