Evolution of dark energy parameter within scope of a spatially homogeneous and isotropic Friedmann–Robertson–Walker model filled with perfect fluid and dark energy components is studied by generalizing recent results. The two sources are claimed to interact minimally so that their energy momentum tensors are conserved separately. The conception of time-dependent deceleration parameter with some suitable assumption yields an average scale factor a=[sinh(αt)]1n\documentclass[12pt]{minimal}
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\begin{document}$$a = [\sinh (\alpha t)]^{\frac{1}{n}}$$\end{document}, with α and n being positive arbitrary constants. For 0 < n ≤ 1, this generates a class of accelerating models while for n > 1, the models of universe exhibit phase transition from early decelerating phase to present accelerating phase which is supported by results from recent astrophysical observations. It is observed that the transition red shift (zt) for our derived model with q0 = −0.73 is ≅0.32. This is in good agreement with cosmological observations in literature. Some physical and geometric properties of this model along with physical acceptability of cosmological solutions have been discussed in detail.