This disclosure relates generally to communication networks, and more particularly to a system and method for dynamically optimizing a quality of a video being transmitted over a communication network. In one embodiment, the method comprises acquiring a plurality of video transmission parameters for the video being transmitted. The method further comprises deriving an optimum value for each of the plurality of video transmission parameters based on a predefined indicator of an acceptable quality of the video using meta-heuristic harmony search algorithm. The method further comprises dynamically optimizing the quality of the video based on the optimum value for each of the plurality of video transmission parameters.
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