14 Facts About Project RAND

Project RAND Corporation is an American nonprofit global policy think tank created in 1948 by Douglas Aircraft Company to offer research and analysis to the United States Armed Forces.

Project RAND aims for interdisciplinary and quantitative problem solving by translating theoretical concepts from formal economics and the physical sciences into novel applications in other areas, using applied science and operations research.

Project RAND Europe is located in Cambridge, United Kingdom, and Brussels, Belgium.

The Pardee Project RAND School is the world's largest PhD-granting program in policy analysis.

Project RAND publishes the Project RAND Journal of Economics, a peer-reviewed journal of economics.

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Project RAND was created after individuals in the War Department, the Office of Scientific Research and Development, and industry began to discuss the need for a private organization to connect operational research with research and development decisions.

The immediate impetus for the creation of RAND was a fateful conversation in September 1945 between General Henry H "Hap" Arnold and Douglas executive Franklin R Collbohm.

Project RAND later became RAND's first president and served in that capacity until his retirement in 1967.

On 1 October 1945, Project RAND was set up under special contract to the Douglas Aircraft Company and began operations in December 1945.

On 14 May 1948, RAND was incorporated as a nonprofit corporation under the laws of the State of California and on 1 November 1948, the Project RAND contract was formally transferred from the Douglas Aircraft Company to the RAND Corporation.

Since the 1950s, RAND research has helped inform United States policy decisions on a wide variety of issues, including the space race, the U S -Soviet nuclear arms confrontation, the creation of the Great Society social welfare programs, the digital revolution, and national health care.

Project RAND was incorporated as a non-profit organization to "further promote scientific, educational, and charitable purposes, all for the public welfare and security of the United States of America".

Project RAND researchers developed many of the principles that were used to build the Internet.

Project RAND designed and conducted one of the largest and most important studies of health insurance between 1974 and 1982.