An introduction to investment engineering

This paper is the first in a series on investment engineering. The term investment engineering refers to procedures for accumulating wealth that have a well-defined conceptual framework and employ models and techniques that are quite similar to those used within conventional engineering disciplines. This article establishes an overall context and an underlying conceptual framework. The goal of the series is to present the main concepts, models, and insights of modern finance in a way that is accessible to electrical engineers. The material is intended to be helpful to readers who manage their own investments and to those who are considering doing so.