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In this paper, we propose an optimal resource allocation policy for sparse code multiple access (SCMA) networks supporting ultra-reliable low-latency communications (URLLC). The network is assumed to operate with finite blocklength (FBL) codes, which is opposed to the classical information-theoretic works with infinite blocklength (IBL) codes. In particular, we aim at maximizing the average transmission rate in the FBL regime while guaranteeing the transmission reliability. A joint design is proposed, which combines the power allocation with the codebook assignment. The convexity of the corresponding optimization problem is analyzed and an iterative search algorithm is further provided. We study the impact of reliability and short blocklength constraints on the performance of the proposed optimal resource allocation policy through numerical simulations. In addition, we evaluate the FBL performance of the proposed joint design in comparison to the scenario with an IBL assumption.

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