Vehicle Parking Assistance with Multi-Round Auction and Offload Reduction

One of the most promising fields of vehicular fog computing (VFC) is by using it as a means to build a parking lot allotment system. Integrating this with parked vehicle assistance system, we can use VFC to its full potential. In this paper, we propose an automatic vehicle allocation system that guides the vehicles on the move to their allotted parking slot, making it simpler to park. Moreover, further add-ons such as monetary rewards are given means to compensate for the cost of service. The VFC is exploited to ensure that there is no delay in parking allotment. Moreover, the payment rule proposed by the system ensures budget balance, individual rationality and incentive compatibility. The performance output is measured using simulation results and it is observed that there is a significant improvement and the same is recorded.