The invention relates to a limit bit feedback and multiuser dispatching 
algorithm which comprises the following steps of: at the 
base station side, determining a loaded wave beam set for each 
subcarrier; at the 
user equipment side, obtaining the wave beam set information, forming an associated 
subcarrier on the basis of each 
subcarrier, calculating a channel quality 
estimation parameter of each wave beam, and determining the optimal wave beam and a key subcarrier; and if the channel quality corresponding to the optimal wave beam on the key subcarrier exceeds a scheduled threshold value, feeding a sequence number of the key subcarrier and the best wave beam number back to the 
base station side; and at the 
base station side, receiving the feedback information of the 
user equipment, expanding the feedback information of the key subcarrier to the associated subcarrier, determining a 
reference wave beam set adopted by the associated subcarrier on the basis of each subcarrier, and than carrying out the user dispatching on each wave beam, and finally carrying out the 
data transmission according to the selecting condition of the 
reference wave beam set and a user dispatching result. The invention has the advantages of less 
user feedback information amount, high feedback efficiency, large 
frequency spectrum multiplexing coefficient and high flexibility, simple realization, less signaling interaction between a user and a base 
station, and the like.