A method for dynamically allocating system resources is provided. The method initiates with identifying a goal associated with a corresponding partition of a resource being configured according to a first configuration. The method includes establishing a mathematical function yielding a value associated with the goal. Once a violation of the goal is detected due to a changing workload, alternative configurations are evaluated to meet the goal under the changing workload. Then, a highest ranked one of the alternative configurations is selected and substituted for the first configuration.