OpenWrt, which is a Linux distribution for embedded devices, website has a really handy HowTo on Network Traffic Control (QOS).
Traffic Control is the umbrella term for packet prioritizing, traffic shaping, bandwidth limiting, AQM (Active Queue Management), QoS (Quality of Service), etc. This HowTo will help you understand and set up traffic control on your router. It is one strategy to address problems caused by Network congestion.
It covers the tc (traffic control) and iptables commands, and much more.