1. A computerized method for adjusting control parameters of a traffic management system in a presence of one or more incidents on a network, said method comprising: representing, using a tree format, a prioritization across network junctions, as executed by a processor on a computer; associating weights with each junction as a function of its height in the tree; and solving a real-time optimization of control parameters for the network, using the weights on the junctions, wherein, upon an occurrence of an incident in the network and depending upon a severity level of the incident, an incident-affected junction is selectively elevated higher in the tree, and the reallocated junction weights resulting from the incident are used for solving the optimization of network control parameters.