Abstract-This paper provides a state-of-the-art literature review on economic analysis and pricing models for data collection and wireless communication in Internet of Things (IoT). Wireless Sensor Networks (WSNs) are the main component of IoT which collect data from the environment and transmit the data to the sink nodes. For long service time and low maintenance cost, WSNs require adaptive and robust designs to address many issues, e.g., data collection, topology formation, packet forwarding, resource and power optimization, coverage optimization, efficient task allocation, and security. For these issues, sensors have to make optimal decisions from current capabilities and available strategies to achieve desirable goals. This paper reviews numerous applications of the economic and pricing models, known as intelligent rational decision-making methods, to develop adaptive algorithms and protocols for WSNs. Besides, we survey a variety of pricing strategies in providing incentives for phone users in crowdsensing applications to contribute their sensing data. Furthermore, we consider the use of some pricing models in Machine-to-Machine (M2M) communication. Finally, we highlight some important open research issues as well as future research directions of applying economic and pricing models to IoT.
Blockchain has recently been applied in many applications such as bitcoin, smart grid, and Internet of Things (IoT) as a public ledger of transactions. However, the use of blockchain in mobile environments is still limited because the mining process consumes too much computing and energy resources on mobile devices. Edge computing offered by the Edge Computing Service Provider can be adopted as a viable solution for offloading the mining tasks from the mobile devices, i.e., miners, in the mobile blockchain environment. However, a mechanism needs to be designed for edge resource allocation to maximize the revenue for the Edge Computing Service Provider and to ensure incentive compatibility and individual rationality is still open. In this paper, we develop an optimal auction based on deep learning for the edge resource allocation. Specifically, we construct a multi-layer neural network architecture based on an analytical solution of the optimal auction. The neural networks first perform monotone transformations of the miners' bids. Then, they calculate allocation and conditional payment rules for the miners. We use valuations of the miners as the data training to adjust parameters of the neural networks so as to optimize the loss function which is the expected, negated revenue of the Edge Computing Service Provider. We show the experimental results to confirm the benefits of using the deep learning for deriving the optimal auction for mobile blockchain with high revenue.
This paper presents a comprehensive literature review on applications of economic and pricing models for resource management in cloud networking. To achieve sustainable profit advantage, cost reduction, and flexibility in provisioning of cloud resources, resource management in cloud networking requires adaptive and robust designs to address many issues, e.g., resource allocation, bandwidth reservation, request allocation, and workload allocation. Economic and pricing models have received a lot of attention as they can lead to desirable performance in terms of social welfare, fairness, truthfulness, profit, user satisfaction, and resource utilization. This paper reviews applications of the economic and pricing models to develop adaptive algorithms and protocols for resource management in cloud networking. Besides, we survey a variety of incentive mechanisms using the pricing strategies in sharing resources in edge computing. In addition, we consider using pricing models in cloud-based Software Defined Wireless Networking (cloud-based SDWN). Finally, we highlight important challenges, open issues and future research directions of applying economic and pricing models to cloud networking.
This paper presents a comprehensive literature review on applications of economic and pricing theory for resource management in the evolving fifth generation (5G) wireless networks. The 5G wireless networks are envisioned to overcome existing limitations of cellular networks in terms of data rate, capacity, latency, energy efficiency, spectrum efficiency, coverage, reliability, and cost per information transfer. To achieve the goals, the 5G systems will adopt emerging technologies such as massive Multiple-Input Multiple-Output (MIMO), mmWave communications, and dense Heterogeneous Networks (HetNets). However, 5G involves multiple entities and stakeholders that may have different objectives, e.g., high data rate, low latency, utility maximization, and revenue/profit maximization. This poses a number of challenges to resource management designs of 5G. While the traditional solutions may neither efficient nor applicable, economic and pricing models have been recently developed and adopted as useful tools to achieve the objectives. In this paper, we review economic and pricing approaches proposed to address resource management issues in the 5G wireless networks including user association, spectrum allocation, and interference and power management. Furthermore, we present applications of economic and pricing models for wireless caching and mobile data offloading. Finally, we highlight important challenges, open issues and future research directions of applying economic and pricing models to the 5G wireless networks.architecture and functionality needs of 5G. Horizon 2020 [2], the biggest EU Research and Innovation programme, provides funding for the 5G-Public Private Partnership (5G-PPP) to deliver solutions, architectures, technologies and standards for the ubiquitous 5G communications infrastructures.The primary technologies proposed for 5G are [3] massive Multiple-Input Multiple-Output (MIMO), dense Heterogeneous Networks (HetNets), mmWave communication, fullduplex communication, Device-to-Device (D2D) communication, energy-aware communication and energy harvesting, Cloud-Based Radio Access Networks (C-RANs), the virtualization of network resources, and so on. Compared to 4G cellular networks, 5G is expected to [3] (i) improve at least 1000 times of throughput, (ii) support higher network densification, (iii) reduce significantly latency, (iv) improve energy efficiency, and (vi) support a high density of mobile broadband users, D2D, ultra reliable, and massive Machine-Type-Communications (MTC).However, the adoption of the emerging technologies introduces challenges for the radio resource management such as user association, spectrum allocation, interference and power management. The reasons are (i) the heterogeneity and dense deployment of wireless devices, (ii) the heterogeneous radio resources, (iii) the coverage and traffic load imbalance of Base Stations (BSs), (iv) the high frequency of handovers, (v) the constraints of the fronthaul and backhaul capacities, and (vi) a large number of users and stakeholders wi...
Internet of things (IoT) has emerged as a new paradigm for the future Internet. In IoT, enormous devices are connected to the Internet and thereby being a huge data source for numerous applications. In this article, we focus on addressing data management in IoT through using a smart data pricing (SDP) approach. With SDP, data can be managed flexibly and efficiently through intelligent and adaptive incentive mechanisms. Moreover, it is a major source of revenue for providers and partners. We propose a new pricing scheme for IoT service providers to determine the sensing data buying price and IoT service subscription fee offered to sensor owners and service users, respectively. Additionally, we adopt the bundling strategy that allows multiple providers to form a coalition and bid their services as a bundle, attracting more users and achieving higher revenue. Finally, we outline some important open research issues for SDP and IoT.
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