We present a new scheduling policy named Value-based Processor Allocation (VPA-k) for scheduling value-based transactions in a multiprocessor real-time database system. The value of a transaction represents the profit the transaction contributes to the system if it is completed before its deadline. Using VPA-k policy, the transactions with higher values are given higher priorities to execute first, while at most k percentage of the total processors are allocated to the urgent transactions dynamically. Through simulation experiments, VPA-k policy is shown to outperform other scheduling policies substantially in both maximizing the totally obtained values and minimizing the number of missed transactions.