We consider a class of loss networks where each connection specifies a
route and a bandwidth requirement. If sufficient bandwidth is not ava
ilable in one of the links along the route, the connection is blocked
and lost. Three schemes are considered for approximating blocking prob
abilities in the network. For a specific star topology, two of these s
chemes give blocking probabilities that are very close to the exact va
lues under light, moderate, and heavy traffic. The approximations are
shown to be asymptotically correct in a natural limiting regime. The i
mplied costs and their relation to revenue sensitivity are also determ
ined for the approximation schemes. The approximate revenue sensitivit
ies are again very close to the exact values for the specific star top
ology.