We investigate a new type of preconditioner which is based on the analytic
factorization of the operator into two parabolic factors. Approximate analy
tic factorizations lead to new block ILU preconditioners. We analyze the pr
econditioner at the continuous level where it is possible to optimize its p
erformance. Numerical experiments illustrate the effectiveness of the new a
pproach. (C) 2000 Academie des sciences/Editions scientifiques et medicales
Elsevier SAS.