International Journal of Managment, IT and Engineering

In this paper, we investigate anisotropic Bianchi type-V cosmological model in the presence of perfect fluid and decaying cosmological term - Λ (t). The Einstein's field equations have been solved by assuming the decay law for Λ (Overduin and Cooperstock, 1998) as and w = 1, where w is the equation of state parameters and R is the average scale factor of the universe. Physical and kinematical parameters of the model have also been discussed.