1. A method by a network component for assessing radio resource requirements using bin virtualization, the method comprising: receiving a service request from a user equipment (UE) in a geographical bin; obtaining resource requirements for a serving radio node and neighbor radio nodes associated with the geographic bin of the UE from a lookup table (LUT), wherein the LUT comprises a plurality of entries that map combinations of path losses of wireless links for each of the serving radio node and neighbor radio nodes to corresponding combinations of resource requirements for the serving radio node and neighbor radio nodes, and wherein each distinct combination of path losses in one or more entries of the LUT represents a virtual bin; and responding to the service request according to parameters associated with the service request from the UE, the obtained resource requirements, and resource availability.