Abstract
In this article, we analyze a two-level finite element method for the equations of motion arising in the flow of 2D Oldroyd model with non-smooth initial data. It involves solving the non-linear problem on a coarse grid of mesh-size and solving a linearized problem on a fine grid of mesh-size . The method gives optimal convergence rate for velocity in -norm and for pressure in -norm. The analysis takes in to account the loss of regularity of the solution of the Oldroyd model at initial time.
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