Recent developments of Fe technology make it possible to apply CAD/CAE/CAM techniques successfully to the stamping die design among the automotive parts industries. Those successful applications are greatly attributable to the development of commercial S/W. Up to now most commercial S/W for the analysis of sheet metal forming is based on the dynamic explicit algorithm. The main characteristics of dynamic explicit algorithm is that there is no convergence problem if the time increment is taken less than the stability limit. The stability of the analysis is guaranteed in the commercial code, since the adequate time increment is computed from the so called "Courant Condition". However excess computing time is often pointed out in the dynamic explicit analysis according to the characteristics of process parameters taken. In the study, various parameters that may affect the stability and the method how to improve computational efficiency of analysis have been investigated.estigated.