A distributed system for the management of distributed resources interconnected by a computer network and comprised of a plurality of limited supply resources (such as those associated with multimedia content servers, e.g., bandwidth, CPU, storage, etc.,). The system comprises a plurality of server resources, preferably with target multimedia content, real time processing engines, etc., and a plurality of intermediary system resources (such as directories and resource monitors). The resources in any particular server are classified or partitioned as global or local, where the ratio of global to local is specified and controlled by the system. The system assigns clients across local and global resources and coordinates the placement of replicas of target content across global resources. The placement is dynamic and performed when necessary based on the analysis of utilization patterns of target content and replicas by pluralities of clients.