RAND Corporation (Research ANd Development) is a nonprofit global policy think tank first formed to offer research and analysis to the United States armed forces by Douglas Aircraft Company. It is currently financed by the U.S. government and private endowment, corporations including the healthcare industry, universities and private individuals. The organization has long since expanded to working with other governments, private foundations, international organizations, and commercial organizations on a host of non-defence issues. RAND aims for interdisciplinary and quantitative problem solving via translating theoretical concepts from formal economics and the hard 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.
RAND has approximately 1,700 employees and three principal North American locations: Santa Monica, California (headquarters); Arlington, Virginia; Pittsburgh, Pennsylvania.
- Santa Monica, California, United States of America
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