Abstract
The present study deals with spatially homogeneous and anisotropic axially symmetric Bianchi type-I cosmological model with time variable cosmological term Λ in the presence of bulk viscous fluid. The Einstein’s field equations are solved explicitly by time varying deceleration parameter q. Consequences of the four cases of phenomenological decay of Λ have been discussed which are consistent with observations. Physical and kinematical parameters of the models are discussed.
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