The primary objective in the present paper is to gain fundamental unde
rstanding of the performance achievable in ATM networks as a function
of the various system characteristics. We derive limit theorems that c
haracterize the achievable performance in terms of the offered traffic
, the admissible region, and the revenue measure. The insights obtaine
d allow for substantial simplifications in the design of real-time con
nection admission control algorithms. In particular, we describe how t
he boundaries of admissible regions with convex complements may be lin
earized-thus reducing the admissible region-so as to obtain a convenie
nt loss network representation. The asymptotic results for the achieva
ble performance suggest that the potential reduction in revenue is imm
aterial in high-capacity networks. Numerical experiments confirm that
the actual reduction is typically negligible, even in networks of mode
rate capacity.