Oh-Trust: Overbooking and Hybrid Trading-empowered Resource Scheduling with Smart Reputation Update over Dynamic Edge Networks

Abstract

Incentive-driven computing resource sharing is crucial for meeting the ever-growing demands of emerging mobile applications. Although conventional spot trading offers a solution, it frequently leads to excessive overhead due to the need for real-time trading related interactions. Likewise, traditional futures trading, which depends on historical data, is susceptible to risks from network dynamics. This paper explores a dynamic and uncertain edge network comprising a computing platform, e.g., an edge server, that offers computing services as resource seller, and various types of mobile users with diverse resource demands as buyers, including fixed buyers (FBs) and uncertain occasional buyers (OBs) with fluctuating needs. To facilitate efficient and timely computing services, we propose an overbooking- and hybrid trading-empowered resource scheduling mechanism with reputation update, termed Oh-Trust. Particularly, our Oh-Trust incentivizes FBs to enter futures trading by signing long-term contracts with the seller, while simultaneously attracting OBs to spot trading, enhancing resource utilization and profitability for both parties. Crucially, to adapt to market fluctuations, a smart reputation updating mechanism is integrated, allowing for the timely renewal of long-term contracts to optimize trading performance. Extensive simulations using real-world datasets demonstrate the effectiveness of Oh-Trust across multiple evaluation metrics.