The influence of Stark shift on the Pancharatnam phase when an ideal cavity
is filled with a Kerr-like medium and coupling is affected through a degen
erate two-photon process is studied. The exact results are employed to perf
orm a careful investigation of the temporal evolution of atomic inversion a
nd Pancharatnam phase. We invoke the mathematical notion of maximum variati
on of a function to construct a measure for Pancharatnam phase fluctuations
. It is shown that the Pancharatnam phase explicity contains information ab
out the statistics of the field and atomic coherence. It is shown that the
addition of the Kerr medium and the Stark shift has an important effect on
the properties of the Pancharatnam phase. The results show that, the effect
of the Kerr medium and the Stark shift changes the quasiperiod of the Panc
haratnam phase evolution. The general conclusions reached are illustrated b
y numerical results.