This paper considers a modification of the classical Osipov–Lanchester model in which the total population of the two forces is preserved over time. It is shown that the dynamics of the ratio reduce to the Riccati equation , which admits a complete analytical study. The main result is that asymptotically stable invariant sets in the positive quadrant exist exactly in three sign cases of : (i) (stable interior equilibrium), (ii) (the face is stable), (iii) (the face is stable). For or the solutions reach the boundaries of applicability of the model in finite time. Moreover, corresponds to exponential growth of solutions in the original system. Passing to a model perturbed in requires buffer dynamics repelling from the axes to preserve stability of the solution.

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