Abstract
There is a few number of optimal fourth-order iterative methods for obtaining the multiple roots of nonlinear equations. But, in most of the earlier studies, scholars gave the flexibility in their proposed schemes only at the second step (not at the first step) in order to explore new schemes. Unlike what happens in existing methods, the main aim of this manuscript is to construct a new fourth-order optimal scheme which will give the flexibility to the researchers at both steps as well as faster convergence, smaller residual errors and asymptotic error constants. The construction of the proposed scheme is based on the mid-point formula and weight function approach. From the computational point of view, the stability of the resulting class of iterative methods is studied by means of the conjugacy maps and the analysis of strange fixed points. Their basins of attractions and parameter planes are also given to show their dynamical behavior around the multiple roots. Finally, we consider a real-life problem and a concrete variety of standard test functions for numerical experiments and relevant results are extensively treated to confirm the theoretical development.