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Date: 11-9-2021
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The differential equation describing exponential growth is
(1) |
This can be integrated directly
(2) |
to give
(3) |
where . Exponentiating,
(4) |
This equation is called the law of growth and, in a much more antiquated fashion, the Malthusian equation; the quantity in this equation is sometimes known as the Malthusian parameter.
Consider a more complicated growth law
(5) |
where is a constant. This can also be integrated directly
(6) |
(7) |
(8) |
Note that this expression blows up at . We are given the initial condition that , so .
(9) |
The in the denominator of (◇) greatly suppresses the growth in the long run compared to the simple growth law.
The (continuous) logistic equation, defined by
(10) |
is another growth law which frequently arises in biology. It has solution
(11) |
REFERENCES:
Steinhaus, H. Mathematical Snapshots, 3rd ed. New York: Dover, pp. 290-295, 1999.
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