At a local prawn farming kelong, the prawn population, \(P\), at the time \(t\) months after the opening of the farm, is measured by Mr Xia, the prawn farmer.
When the farm first opened, there were 2000 prawns. After 12 months, there are 3000 prawns.
Mr Xia realises that he needs to take into consideration the size of his kelong, and proposes an alternative model
\(\frac{\mathrm{d}P}{\mathrm{d}t}=rP\left(1-\frac PN\right)\quad(*)\), where \(r\) is a positive constant, and \(N\) is a positive integer such that \(0<P<N\).
After some time, Mr Xia wants to sell some of the prawns every month at a constant rate of \(h\) prawns per month.
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