In this paper, a novel rate control algorithm for real-time VBR hierarchical video coding is proposed. The algorithm works at two levels that are called long- and short-term levels. The long-term level aims at ensuring that the bit count does not exceed the maximum allowed amount for a few-second long window. To this end, it considers a sliding window spanning several GOPs, which is shifted on a GOP basis. In doing so, it avoids the potentially sharp adjustments at the end of the GOP that usually happen in non-sliding approaches. The short-term level aims to provide a proper QP adaptation to fit the target bit budget, which is dictated by the long-term level. It also uses a sliding window, which in this case extends over one GOP. The proposed algorithm has been assessed in realistic conditions for a variety of video sequences. It has been compared to both a constant quality and CBR hierarchical approaches, showing an excellent performance in terms of both rate-distortion and PSNR variation.
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