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The goal is to determine the optimal order quantity and optimal prices in order to maximize the profit. We also show the concavity of the profit function using mathematical lemmas and theorem. Besides we develop a solution procedure which computes optimal policy effectively. Finally we present the results of numerical study for linear and exponential demand functions.<\/p>","DOI":"10.4018\/jisscm.2009062905","type":"journal-article","created":{"date-parts":[[2010,4,30]],"date-time":"2010-04-30T09:45:32Z","timestamp":1272620732000},"page":"80-95","source":"Crossref","is-referenced-by-count":2,"title":["Optimal Pricing Strategies for an Inventory System with Perishable Items and Waiting Time Dependent Order Cancellations"],"prefix":"10.4018","volume":"2","author":[{"given":"A.","family":"Thangam","sequence":"first","affiliation":[{"name":"Gandhigram Rural University, India"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"R.","family":"Uthayakumar","sequence":"additional","affiliation":[{"name":"Gandhigram Rural University, India"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"2432","reference":[{"key":"jisscm.2009062905-0","doi-asserted-by":"publisher","DOI":"10.1287\/mnsc.42.8.1093"},{"key":"jisscm.2009062905-1","doi-asserted-by":"publisher","DOI":"10.1016\/S0305-0548(99)00086-6"},{"key":"jisscm.2009062905-2","doi-asserted-by":"publisher","DOI":"10.1016\/S0377-2217(02)00159-5"},{"key":"jisscm.2009062905-3","doi-asserted-by":"publisher","DOI":"10.1287\/opre.48.3.436.12437"},{"key":"jisscm.2009062905-4","doi-asserted-by":"publisher","DOI":"10.1016\/S0305-0548(97)00081-6"},{"key":"jisscm.2009062905-5","doi-asserted-by":"publisher","DOI":"10.1016\/j.orl.2005.04.012"},{"key":"jisscm.2009062905-6","doi-asserted-by":"crossref","first-page":"68","DOI":"10.1016\/S0377-2217(01)00351-4","article-title":"Optimal pricing and ordering policies for perishable commodities.","volume":"144","author":"Y. 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