RAND
Organizations & Companies abbreviation · Nonprofit
| Stands for | RAND Corporation |
|---|---|
| Categories | Organizations & Companies |
RAND stands for RAND Corporation, a nonprofit abbreviation.
Nonprofit research organization, originally formed to do research for the US Air Force, that studies national security, health, education, energy and other policy issues from its main campus in Santa Monica, California.
Example: A RAND study estimated the cost of the proposal at 50 billion dollars.
Usage notes
It began in 1946 as Project RAND at the Douglas Aircraft Company and became independent in 1948; the name is a contraction of "research and development". Its researchers contributed to game theory and systems analysis. Daniel Ellsberg was a RAND analyst when he leaked the Pentagon Papers in 1971.
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