Joint Management of Compute and Radio Resources in Mobile Edge Computing: A Market Equilibrium Approach

Edge computing has been recently introduced to bring computational capabilities closer to end-users of modern network-based services, supporting existing and future delay-sensitive applications by effectively addressing the high propagation delay issue that affects cloud computing. However, the problem of efficiently and fairly managing the system resources presents particular challenges due to the limited capacity of both edge nodes and wireless access networks and the heterogeneity of resources and services’ requirements. To this end, we propose a techno-economic market where service providers act as buyers, securing both radio and computing resources to execute their associated end-users’ jobs while being constrained by a budget limit. We design an allocation mechanism that employs convex programming to find the unique market equilibrium point that maximizes fairness while ensuring that all buyers receive their preferred resource bundle. Additionally, we derive theoretical properties that confirm how the market equilibrium approach strikes a balance between fairness and efficiency. We also propose alternative allocation mechanisms and give a comparison with the market-based mechanism. Finally, we conduct simulations to numerically analyze and compare the performance of the mechanisms and confirm the market model's theoretical properties.