  We present a new scheme for determining the shape of the size distribution,
and its evolution, for collisional cascades of planetesimals undergoing
destructive collisions and loss processes like Poynting-Robertson drag. The
scheme treats the steady state portion of the cascade by equating mass loss and
gain in each size bin; the smallest particles are expected to reach steady
state on their collision timescale, while larger particles retain their
primordial distribution. For collision-dominated disks, steady state means that
mass loss rates in logarithmic size bins are independent of size. This
prescription reproduces the expected two phase size distribution, with ripples
above the blow-out size, and above the transition to gravity-dominated
planetesimal strength. The scheme also reproduces the expected evolution of
disk mass, and of dust mass, but is computationally much faster than evolving
distributions forward in time. For low-mass disks, P-R drag causes a turnover
at small sizes to a size distribution that is set by the redistribution
function (the mass distribution of fragments produced in collisions). Thus
information about the redistribution function may be recovered by measuring the
size distribution of particles undergoing loss by P-R drag, such as that traced
by particles accreted onto Earth. Although cross-sectional area drops with
1/age^2 in the PR-dominated regime, dust mass falls as 1/age^2.8, underlining
the importance of understanding which particle sizes contribute to an
observation when considering how disk detectability evolves. Other loss
processes are readily incorporated; we also discuss generalised power law loss
rates, dynamical depletion, realistic radiation forces and stellar wind drag.
