A quick summary (more details here):
The equation that describes exponential growth is:
Exponential Growth:
where:
- N = number of cells (or concentration of biomass);
- N0 = the starting number of cells;
- r = the rate constant, which determines how fast growth occurs; and
- t = time.
You can set the r value, but that’s a bit abstract so often these models will use the doubling time – the time it takes for the population (the number of cells, or whatever, to double). The doubling time (td) can be calculated from the equation above by:
or if you know the doubling time you can find r using:
Finally, note that the only difference between a growth model and a decay model is the sign on the exponent:
Exponential Decay:
Decay models have a half-life — the time it takes for half the population to die or change into something else.