Loss Exchange Ratio

Loss Exchange Ratio

Loss-Exchange Ratio (LER) is a military term that calculates the comparative casualties suffered by each combatant from a battle, engagement or extended conflict. For example, at the Battle of Gettysburg (1863) during the American Civil War, the Union forces suffered approximately 23,000 casualties against 22,000 for the Confederacy — a loss-exchange ratio of roughly 1:1. By way of contrast, at the Battle of Omdurman (1898), the British/Egyptian lost around 482 men, while the Mahdist Sudanese lost about 27,700 — a LER of 57:1.

Contemporary use

The concept of LER has become less important in modern military doctrine as it is now considered much more important to disrupt enemy forces and outmaneuver them, thereby reducing their combat effectiveness without necessarily inflicting massive casualties. However, it has played a significant role in past wars, especially those that have devolved into stalemate and become wars of attrition. For example, the German objective at the Battle of Verdun (1916) during World War I was not the seizure of any strategic objective, but rather to inflict an LER of 2:1 on the French forces and thereby cripple the French army.

In asymmetrical warfare

LER has also been highly relevant in asymmetrical conflicts — for example, in the Vietnam War, where despite overwhelming technological superiority, the French and then the Americans were unable to defeat the North Vietnamese forces. Vo Nguyen Giap, the leader of the Viet Minh, told his French opposite number that "you can kill ten of my men for every one I kill of yours, and at that rate, I will still triumph." In fact, the LER was approximately 3:1 in favor of the French, and they did indeed withdraw in defeat.


Wikimedia Foundation. 2010.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • Loss exchange ratio — Usually relevant to a condition or state of war where one side depletes the resources of another through attrition. Specifically and most often used as a comparator in aerial combat, where it is known as a kill ratio. For example, during the… …   Wikipedia

  • Civilian casualty ratio — In armed conflicts, the civilian casualty ratio (also civilian death ratio, civilian combatant ratio, etc.) is the ratio of civilian casualties to combatant casualties, or total casualties. The measurement can apply either to casualties inflicted …   Wikipedia

  • Exchange-traded fund — An exchange traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks.[1] An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day. Most ETFs… …   Wikipedia

  • Omega ratio — The Omega ratio is a measure of risk of an investment asset, portfolio or strategy. It involves partitioning returns into loss and gain above and below a given threshold, the Ω ratio is then the ratio of the probability of having a gain by the… …   Wikipedia

  • New York Stock Exchange — This article is about the stock exchange. For its parent company, see NYSE Euronext. New York Stock Exchange …   Wikipedia

  • Signal-to-noise ratio — For signal to noise ratio in statistics, see Cohen s d. Signal to noise ratio (often abbreviated SNR or S/N) is a measure used in science and engineering that compares the level of a desired signal to the level of background noise. It is defined… …   Wikipedia

  • P/E ratio — Assume XYZ Co. sells for $25.50 per share and has earned $2.55 per share this year; $25. 50 = 10 times $2. 55 XYZ stock sells for 10 times earnings. P/E = Current stock price divided by trailing annual earnings per share or expected annual… …   Financial and business terms

  • Betting exchange — The term betting exchange is used to describe a form of bookmaking in which the operator offsets its risk perfectly through technology, such that the effect to the customer is that customers are seen to bet between themselves. Coined because of… …   Wikipedia

  • hedge ratio — The relationship between the number of contracts required for a direct hedge and the number of contracts required to hedge in a specific situation. The concept of hedging is to match the size of a positive cash flow from a gaining futures… …   Financial and business terms

  • F-35 Lightning II — Infobox Aircraft name=F 35 Lightning II caption = The F 35 Lightning II takes off for its first flight at Naval Air Station Fort Worth Joint Reserve Base on 15 December 2006. type=Stealth multi role fighter manufacturers=Lockheed Martin… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”