Logistic Models
Exponential growth can't last. A population that outgrows its food or space slows down, and its size levels off at the most the environment can support. The logistic differential equation models that kind of limited growth.
The logistic equation
The right side is when and when , so those are the equilibrium solutions. For both factors are positive and increases. For the factor is negative and decreases. The right side and its derivative with respect to are continuous, so no solution curve crosses . A solution's slope approaches only as approaches or . So every solution with approaches :
As a function of , the rate is a downward-opening parabola with zeros at and . Its largest value is at the vertex, . So a population that starts between and grows fastest when it reaches half the carrying capacity. One that starts between and grows fastest at the start.
Differentiating with the chain rule gives the concavity:
For this is positive, for it's negative, and for it's positive again. A solution that starts between and is concave up until it reaches and concave down after, so its graph has an inflection point where . A solution that starts between and is concave down throughout. One that starts above decreases and is concave up.
Relative growth rate
A logistic model is often written as . Here , and dividing by shows what it means. The relative growth rate is close to when is small, and it falls to as approaches .