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RAND company history timeline

1950

She worked for RAND for 37 years, beginning in the 1950's.

1953

The first RAND report on dynamic programming was published in 1953.

1956

Charles Zwick joined RAND in 1956, two years after receiving his PhD in economics at Harvard, where he taught after earning his degree.

1957

Bellman E. R. (1957). Dynamic Programming.

1962

The book promoted deterrence, including the capability to launch a second strike, and the need for "Thinking About the Unthinkable," the title of his 1962 book.

Their book, Flows in Networks (Ford & Fulkerson 1962), introduced concepts (e.g., “max-flow/min-cut”) and algorithms (e.g., “out-of-kilter”) that have been used to treat network problems ever since.

1963

Much of the work of this period is captured in Dantzig’s (1963) book, Linear Programming and Extensions.

Markowitz H. M., Hausner, B., & Karr, H. W. (1963). SIMSCRIPT: A simulation programming language.

1965

SDC was spun off from RAND and became a for-profit corporation in 1965.

1968

Gruenberger F. J. (1968) The History of the Johnniac.

1971

R-811-PR, November 1971, Santa Monica CA: RAND. (link)

Fisher G. H. (1971). Cost Considerations in Systems Analysis.

1972

The Delphi procedures grew out of this effort (Dalkey, et al., 1972). These procedures incorporate anonymous response, iteration and controlled feedback, and statistical group response to elicit and refine group judgments where exact knowledge is unavailable.

1974

Warren Walker and Peter Kolesar were awarded ORSA’s 1974 Lanchester Prize for a paper that described how mathematical programming methods were applied to the problem of relocating available fire companies to firehouses vacated temporarily by companies fighting fires.

1975

In April 1975, RAND began a joint research venture with the Dutch government to compare the consequences of three alternative approaches for protecting the Oosterschelde, the largest Dutch estuary, from flooding.

1979

Walker W. E., Chaiken J. M., & Ignall E. J. (Eds.). (1979). Fire Department Deployment Analysis: A public policy analysis case study.

1984

The project won a Franz Edelman Award for Management Science Achievement in 1984.

1989

In 1989, Markowitz was awarded the Von Neumann Prize in Operations Research Theory for his work in the areas of the SIMSCRIPT programming language (see below), portfolio theory, and sparse matrix techniques.

1990

Orchard-Hayes W (1990) History of the Development of LP Solvers.

1992

CLOUT derived some important ideas from the DRIVE model (Distribution and Repair in Variable Environments), developed by John Abell et al. (1992), that became the kernel of a management system, called EXPRESS, that is still used today in Air Force depots.

1996

Many highlights of RAND's early contributions were summarized in a 1996 book (PDF) commemorating the 50th anniversary of Project RAND.

1997

In 1997 he received the INFORMS President's Award.

1998

Brooks et al. won that prize in 1998.

2001

2001). All three of these approaches are combined in a methodology for long-term policy analysis called Robust Decision Making (Lempert et al.

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1948
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Founders
Alexandra Drane,Elliot J. Favus,Jeffrey A. Weiss,Kenneth R. Feinberg,Soledad O'Brien,Curtis Lemay,Donald Douglas Sr.,Henry Arnold,Robert Reville
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