Ultimate Strength of Plates
The collapse of columns occurs either by elastic buckling if the column is slender (Euler or “ideal” column buckling) or by the commencement of yielding which so seriously decreases the column bending stiffness that collapse by inelastic buckling follows almost immediately.  In the case of plating, the mechanism of collapse is more complex.  Specifically, collapse of plating depends upon type of loading, boundary conditions, aspect ratio, initial distortion, and even residual stresses. 
For “slender” plates subject to an increasing compressive uni-axial stress (without lateral load), the plate goes through a number of phases prior to ultimate failure or collapse.  At low levels of stress, the plate remains flat, as the stress remains below the elastic buckling stress and below the yield stress.  The first noticeable response when the stress reaches the elastic buckling stress is that the plate buckles, and as a result the center portion of the plating partially “escapes” from the
axial shortening being applied by the compressive stress.  As a result the center buckled portion of the plate “sheds” some of the load, which is transferred to the edges of the plate.  In this post-buckled state, the outer edges of the plate are carrying higher stress (higher than the mean stress s) and the center portion carries a lower stress. As the compressive stress continues to increase, eventually the stress on the outer edges of the plate reaches the material yield stress, and the edges yield (plastic deformation).  Eventually, as the center portion of the plate also yields, and the plate collapses. 

The extent to which a plate will buckle and collapse depends upon several factors, including load (magnitude, type, etc.), plate geometry (late aspect ratio a/b, thickness, initial distortions), boundary conditions, and manufacturing variances (welds, voids, etc.).  Because of this highly variable nature, evaluation of collapse of plate structures is usually investigated using finite element analysis (FEA).

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