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The RAND Corporation ("research and development") 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. It is financed by the U.S. government and private endowment, corporations, universities and private individuals.
The company has grown to assist other governments, international organizations, private companies and foundations with a host of defense and non-defense issues, including healthcare. 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.
As soon as Arnold realized Collbohm had been thinking along similar lines, he said, "I know just what you're going to tell me. It's the most important thing we can do." With Arnold's blessing, Collbohm quickly pulled in additional people from Douglas to help, and together with Donald Douglas, they convened with Arnold two days later at Hamilton Army Airfield to sketch out a general outline for Collbohm's proposed project