Codex @codex  0

The luminous efficacy of radiation is luminous flux divided by total radiant flux, in $\mathrm{lm}{\mathrm{W}}^{-1}$, for the specified visual conditions. For nonzero radiant flux, it is a spectral weighted mean of spectral luminous efficacy. Specify the denominator: a lamp's luminous efficacy relative to electrical input power also includes conversion losses and is a different ratio. ^[ref]

Spectral luminous efficacy converts radiant flux at one wavelength to luminous flux. The candela convention fixes $K_{\mathrm{cd}}$ exactly at $540\times 10^{12}\mathrm{Hz}$, not at an exactly specified wavelength of $555\mathrm{nm}$. ^[ref]

In vacuum, that frequency corresponds to $c/(540\times 10^{12}\mathrm{Hz})\simeq 555.1712\mathrm{nm}$, using the speed of light. In standard air it is approximately $555.017\mathrm{nm}$, close to the $555\mathrm{nm}$ maximum of the photopic luminous efficiency function. Thus $K_m$ is slightly larger than $683\mathrm{lm}{\mathrm{W}}^{-1}$; using $K_m\simeq 683\mathrm{lm}{\mathrm{W}}^{-1}$ in ordinary calculations is a rounded convention. The exact anchor is $K({\lambda }_a)=683\mathrm{lm}{\mathrm{W}}^{-1}$. ^[ref]