Wireless energy harvesting (WEH) has been recognized as a promising technique to prolong the lifetime of energy constrained relay nodes in wireless sensor networks. Its application and related performance study in three-step two-way decode-and-forward (DF) relay networks are of high interest but still lack sufficient study. In this paper we propose a dynamic power splitting (PS) scheme to minimize the system outage probability in a three-step two-way energy harvesting DF relay network and derive an analytical expression for the system outage probability with respect to the optimal dynamic PS ratios. In order to further improve the system outage performance, we propose an improved dynamic scheme where both the PS ratios and the power allocation ratio at the relay are dynamically adjusted according to instantaneous channel gains. The corresponding system performance with the improved dynamic scheme is also investigated. Simulation results show that our proposed schemes outperform the existing scheme in terms of the system outage performance and the improved dynamic scheme is superior to the dynamic PS scheme.
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