Sharing and Avatar-Based Innovation Tools on Digital Economy Perspectives Using Levy Processes Simulation

Abstract

This article is the Enhancement of the Mkrttchian and Vertakova article “Digital Sharing Economy” published in the International Journal of Innovation in Digital Economy (IJIDE, Volume 10, issue 2) and the chapter “Avatar-Based Innovation Tools for Managerial Perspectives on Digital Sharing Economy” in the book “Avatar-Based Models, Tools, and Innovation in the Digital Economy,” focused on an entirely new area relevant to the scope of IJIDE. The article discusses the capabilities of the R language for modeling Levy processes - processes that currently closely correspond to the nature of the evolution of stock price movements. The efficient algorithm of the CGMY process simulation as a difference of the tempered stable independent Levy is processed and programmed at R language. The efficient algorithm of variance gamma process simulation using variance gamma random variables is processed and programmed at R language, as Modelling in the Digital Globalization Era.