Eigen Values and Eigen Vectors:

The Power method and QR algorithm are two methods for numerical calculation of real matrices

Power Method

Advantages
It is simple and easy to implement.
It gives the eigenvector corresponding to λ1as well as λ1itself. (Other numerical methods
require separate calculation to obtain the eigenvector.)
Each iteration requires only one matrix–vector product, and this can be exploited to reduce the
computational effort.
When matrix order is large and sparse—assuming that a dominant eigen pair is the only one of
interest.
Only a dominant eigen pair is determined.

Disadvantages

The power method only gives one eigenvalue, the dominant one λ1 (although this is often the
most important in applications).
If the dominant eigenvalue λ1 is complex the method will fail completely to converge because
the complex conjugate λ1will also be an eigenvalue and | λ1|=|λ1|l