Traditional highly-centralized mobile core networks (e.g., Evolved Packet
Core (EPC)) need to be constantly upgraded both in their network functions and
backhaul links, to meet increasing traffic demands. Network Function
Virtualization (NFV) is being investigated as a potential cost-effective
solution for this upgrade. A virtual mobile core (here, virtual EPC, vEPC)
provides deployment flexibility and scalability while reducing costs,
network-resource consumption and application delay. Moreover, a distributed
deployment of vEPC is essential for emerging paradigms like Multi-Access Edge
Computing (MEC). In this work, we show that significant reduction in
networkresource consumption can be achieved as a result of optimal placement of
vEPC functions in metro area. Further, we show that not all vEPC functions need
to be distributed. In our study, for the first time, we account for vEPC
interactions in both data and control planes (Non-Access Stratum (NAS)
signaling procedure Service Chains (SCs) with application latency requirements)
using a detailed mathematical model