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RAND Corporation
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RAND Corporation
RAND Corporation
(
R
esearch
AN
d
D
evelopment) is an American
nonprofit
global policy
think tank
originally formed by
Douglas Aircraft Company
to offer research and analysis to the
United States Armed Forces
. It is financed by the
U.S.
government
and private
endowment
, corporations including the
health care industry
,
universities
and private individuals. The organization has expanded to work with other governments, private foundations, international organizations, and commercial organizations on a host of non-defense issues. RAND aims for interdisciplinary and quantitative problem solving via translating
theoretical
concepts from formal
economics
and the
physical sciences
into novel applications in other areas, that is, via
applied science
and
operations research
.
Michael D. Rich
is
president
and
chief executive officer
of the RAND Corporation.
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