Auction-based Adaptive Resource Allocation Optimization in Dense IoT Networks

The rapid pervasivity of the Internet of Things (IoT) calls for an autonomous and efficient resource management framework to seamlessly register and discover facilities and services. Cloud-Fog-Automation (CFA) standards provide a robust foundation for multi-tiered wireless architectures, enhancing cyber-physical system performance with advanced abstractions. This work is for resource allocation optimization in IoT networks, particularly in power management and time-frequency spreading techniques, ensuring deterministic connectivity, networked computing, and intelligent control systems. Auction game theory is pivotal in managing resource allocation in densely populated, high-demand IoT networks. By employing sealed-bid auctions based on Bayesian game theory, the uncertainties in individual hypotheses and channel states among IoT entities are effectively mitigated. A novel dispersion metric optimization further enhances the coordination of layer-specific IoT uplinks, enabling ultra-reliable, low-latency (URLLC) communication. Numerical results demonstrate the superior performance of this resilient architecture, achieving fair resource allocation with minimal power consumption and robust performance in unsecured scenarios.