Latency and Cost-aware Resource Provisioning in Fog Computing: An Auction Theory-based Approach

With the increase in demand for IoT-based services, the existing infrastructure capabilities of the Fog Providers fell short of satisfying the service requirements, especially for a large geographical area. Therefore, a new concept of fog federation emerged allowing the aggregation of resources from several fog providers available in the area for satisfying the service requirements. The aggregated resources are managed by a third party known as a fog federation manager. It is challenging for the Fog federation manager to decide from whom and how many resources must be acquired. Therefore, in this work, we propose an auction-based resources provisioning approach allowing fog federation to determine the fog providers with their resource provisioning strategies. In addition, a simple example is provided demonstrating the proposed auction-based resources provisioning approach.