Local and semi-local convergence and dynamic analysis of a time-efficient nonlinear technique

Abstract

The examination of nonlinear equations is essential in diverse domains such as science, business, and engineering because of the widespread occurrence of nonlinear phenomena. The primary obstacle in computational science is to create numerical algorithms that are both computationally efficient and possess a high convergence rate. This work tackles these problems by presenting a three-step nonlinear, time-efficient numerical method for solving nonlinear models. The selected method exhibits a convergence of sixth order and an efficiency index of 1.4310, with the added benefit of only requiring five function evaluations per iteration. This study diverges from earlier research by emphasizing the use of first-order derivatives instead of higher-order derivatives. As a result, the method becomes more versatile and applicable. It is possible to estimate solutions that are locally different in Banach spaces by looking at convergence on both local and semi-local levels. The stability and performance of the scheme are also checked by using polynomiography to do a visual analysis and compare it to other schemes in terms of convergence, speed, and CPU time.