Machine Design
The plasticity is the property of a material which enables it to

Resist fracture due to high impact loads
Retain deformation produced under load permanently
Regain its original shape after deformation when the external forces are removed
Draw into wires by the application of a tensile force

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Machine Design
According to Rankine's theory, the failure occurs at a point in a member

When the maximum principal stress in a biaxial stress system reaches the elastic limit of the material in a simple tension test
When the maximum principal strain in a biaxial stress system reaches the strain at the elastic limit as determined from a simple tension test
When the maximum shear stress in a biaxial stress system reaches the shear stress at elastic limit in a simple tension test
When the strain energy per unit volume in a biaxial stress system reaches the strain energy at the elastic limit per unit volume as determined from a simple tension test

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