Abstract
The main contribution of this study is to present a new optimal eighth-order scheme for locating zeros with multiplicity
m
1
. An extensive convergence analysis is presented with the main theorem in order to demonstrate the optimal eighth-order convergence of the proposed scheme. Moreover, a local convergence study for the optimal fourth-order method defined by the first two steps of the new method is presented, allowing us to obtain the radius of the local convergence ball. Finally, numerical tests on some real-life problems, such as a Van der Waals equation of state, a conversion chemical engineering problem, and two standard academic test problems, are presented, which confirm the theoretical results established in this paper and the efficiency of this proposed iterative method. We observed from the numerical experiments that our proposed iterative methods have good values for convergence radii. Further, they not only have faster convergence towards the desired zero of the involved function but also have both smaller residual error and a smaller difference between two consecutive iterations than current existing techniques.