Think of the cell-probe model. Is there a data structure that can allocate contiguous chunks of memory of any length (like e.g. malloc in C), and free them, while avoiding memory segmentation, and executes every operation in worst-case deterministic O(log n) time where n is the total size of the memory?
By avoiding memory segmentation I mean that if the total number of free cells is F, then I should be able to allocate a contiguous segment of F cells or about F cells.