We develop a new numerical algorithm to model collisional cascades in debris disks. Because of the large dynamical range in particle masses, we solve the integro-differential equations describing erosive and catastrophic collisions in a particle-in-a-box approach, while treating the orbital dynamics of the particles in an approximate fashion. We employ a new scheme for describing erosive (cratering) collisions that yields a continuous set of outcomes as a function of colliding masses. We demonstrate the stability and convergence characteristics of our algorithm and compare it with other treatments. We show that incorporating the effects of erosive collisions results in a decay of the particle distribution that is significantly faster than with purely catastrophic collisions.
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