In this paper we introduce and analyse a new Schur complement approximation based on incomplete Gaussian elimination. The approximate Schur complement is used to develop a multigrid method. This multigrid method has an algorithmic structure that is very similar to the algorithmic structure of classical multigrid methods. The resulting method is almost purely algebraic and has interesting properties with respect to variation in problem parameters.
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Arnold Reusken (1996) studied this question.
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