A system and method for optimized stream management are provided. The method includes retrieving priority data; determining, in real-time, a current priority tree based on the retrieved priority data, wherein the priority tree includes at least one node representing a stream; identifying, based on the retrieved priority data, at least one relative weight of the at least one node; determining an effective weight based on each identified relative weight; and filling a buffer based on the current priority tree and the at least one effective weight.