Bulk Viscosity and Decaying Vacuum Density in Friedmann Universe

We present an isotropic and homogeneous flat cosmological model for bulk viscous fluid distribution. We consider the vacuum density proportional to Hubble expansion parameter and time dependent bulk viscosity related to the velocity and acceleration of universe. The behaviour of resulting solutions are in accordance with recent astronomical observations. The model obtained evolves with a decelerating expansion followed by late time acceleration. Cosmological term Λ being very large at initial epoch relaxes to a genuine cosmological constant asymptotically. Presence of bulk viscosity prevents the matter density to vanish asymptotically and the matter density continues to be of the order of vacuum density after a finite time. Thus, we obtain a universe having the possibility of cosmic coincidence.