A method, a device, and a non-transitory storage medium are described in which a resource allocation service is provided in relation to a virtual device. The resource allocation service calculates an allocation of a shared processor and a shared memory in support of the virtual device based on whether packet loss is permitted or not. The calculation of the processor allocated to the virtual device may be based on buffer memory allocation. Alternatively, the calculation of the processor allocated to the virtual device may be based on a packet loss ratio and a buffer memory allocation.