This paper proposes a real-time dynamic storage allocation algorithm QSHF(quick-segregated-half-fit) that provides various memory allocation policies. that manages a free block list per each word size for memory requests of small size good(segregated)-fit policy that manages a free list per proper range size for medium size requests and half-fit policy that manages a free list per proper range size for medium size requests and half-fit policy that manages a free list per each power of 2 size for large size requests. The proposed algorithm has the time complexit O(1) and makes us able to easily estimate the worst case execution time(WCET). This paper also suggests two algorithm that finds the proper free list for the requested memory size in predictable time and if the found list is empty then finds next available non-empty free list in fixed time. In order to confirm efficiency of the proposed algorithm we simulated the memory utilization of each memory allocation policy. The simulation result showed that each policy guarantees the constant WCET regardless of memory size but they have trade-off between memory utilization and list management overhead.