A Microsoft online analytical data engine used in decision support and business analytics, providing the analytical data for business reports and client applications such as Power BI, Excel, Reporting Services reports, and other data visualization tools.
Limit set for analysis is 80 as high limit and 65 as lower limit.
So the 80 means that SSAS can use upto 80% of the 16Gb which is roughly 12.8Gb (as the assumption for these defaults is that SSAS is the only service on the machine). But if SQL and SSAS are only using 11Gb out of 16Gb that still leaves you with 5Gb free which should be fine. This probably means that whatever alert you have set has too low a threshold for a database workload. Typically you want SQL and SSAS to use as much memory as possible as this allows whatever process is running to be completed as fast as possible.
If you are running other services on this machine and they are getting starved for memory that is not really a good idea. Both SQL and SSAS require a great deal of resources and it is better to not mix them with other workloads if you can avoid it.
Since you are only seeing this spike in memory for 10 minutes it probably means that SSAS is doing a processing operation at this time. During processing SSAS will load the new data into a new copy of the data model and only once the transaction commits successfully will it drop the original copy of the data. This allows the server to keep processing queries from the original dataset and if there are any errors during processing it just drops the temporary copy of the data. But this does come at the expense of requiring extra memory during this operation.
From what you have described I don't see anything particularly concerning (although there are not a lot of specific details). So you could maybe just adjust whatever system is throw the memory alerts to a higher threshold. And I know this is probably easier said than done, but adding more memory to the server is probably another cheap fix as 16Gb is not a lot for a server hosting both SQL and SSAS.