This paper presents a dynamic mathematical model of optimal leasing allocation of satellite band-width and services in terms of expected revenues and associated risk. This tool meets the need of a Satellite Operator to determine the optimal leasing policy of the available bandwidth. A methodology and a tool for techno-economic evaluation of satellite services are developed. The output of the tool enables the policy decisions to be customized by the attitude toward risk that the company wants to apply at each time period. The study is based on inputs concerning data and services from an existing Satellite Operator and addresses a real situation. Demand and pricing data have been gathered from the international market. The decision making tool is given in the set-up of a decision tree presenting quantified alternative leasing policies and risks. Sensitivity analysis is also performed to measure the efficiency of the model.