Recent studies have demonstrated that in thermally activated delayed fluorescence (TADF) materials, efficient reverse intersystem crossing occurs from non-radiative triplet states to radiative singlet states due to a small singlet-triplet energy gap. This reverse intersystem crossing significantly influences exciton annihilation processes and external quantum efficiency roll-off in TADF based organic light-emitting diodes (OLEDs). In this work, a comprehensive exciton quenching model is developed for a TADF system to determine singlet-singlet, singlet-triplet, and triplet-triplet annihilation rate constants. A well-known TADF molecule, 3-(9,9-dimethylacridin-10(9H)-yl)-9H-xanthen-9-one (ACRXTN), was studied under intensity-dependent optical and electrical pulse excitation. Our model shows singlet-singlet annihilation dominates under optically excited decays, whereas singlet-triplet annihilation and triplet-triplet annihilation have strong contribution in electroluminescence decays under electrical pulse excitation. Furthermore, the efficiency roll-off characteristics of ACRXTN OLEDs at steady state was investigated through simulation. Finally, singlet and triplet diffusion length were calculated from annihilation rate constants.