Abstract
In this paper, we study a fully discrete finite element method with second order accuracy in time for the equations of motion arising in the Oldroyd model of viscoelastic fluids. This method is based on a finite element approximation for the space discretization and the Crank-Nicolson/Adams-Bashforth scheme for the time discretization. The integral term is discretized by the trapezoidal rule to match with the second order accuracy in time. It leads to a linear system with a constant matrix and thus greatly increases the computational efficiency. Taking the nonnegativity of the quadrature rule and the technique of variable substitution for the trapezoidal rule approximation, we prove that this fully discrete finite element method is almost unconditionally stable and convergent. Furthermore, by the negative norm technique, we derive the $H^1$ and $L^2$-optimal error estimates of the velocity and the pressure.
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