Memory allocation strategies in real-time operating systems differ from traditional operating systems in order to improve system performance. Real-time operating systems use static and dynamic memory allocation. Static allocation assigns memory at design time while dynamic allocation occurs at runtime using memory managers. Common dynamic allocation algorithms for real-time systems include buddy allocation, indexed fit, bitmapped fit, and two-level segregated fit, which aim to minimize fragmentation and response times. The document compares various allocation algorithms and concludes that dynamic allocation presents challenges for real-time systems to optimize fragmentation, response time, and locality.