We investigate speeding up of relaxation of Markovian open quantum systems with the Liouvillian exceptional point (LEP), where the slowest decay mode degenerates with a faster decay mode. The degeneracy significantly increases the gap of the Liouvillian operator, which determines the time scale of such systems in converging to stationarity and thus accelerates the relaxation process. We explore an experimentally relevant three-level atomic system whose eigenmatrices and eigenspectra are obtained completely analytically. This allows us to gain insights into the LEP and examine the respective dynamics with details. We illustrate that the gap can be further widened by Floquet engineering, which further accelerates the relaxation process. Finally, we extend this approach to analyze laser cooling of trapped ions, where vibrations (phonons) couple to the electronic states. An optimal cooling condition is obtained analytically, which agrees with both existing experiments and numerical simulations. In this paper, we provide analytical insights into understanding LEP as well as controlling and optimizing the dissipative dynamics of atoms and trapped ions.
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