Factors to consider when choosing a design safety factor

If a grade of steel has a yield strength of 40,000 psi, any stress above this limit results in some amount of permanent deformation. If the design is not supposed to deform permanently by going beyond yield (true for most cases), then the maximum allowable stress in this case is 40,000 psi. At an actual stress of 40,000 psi, the safety factor is 1.0. If you want a safety factor of 2.0, then the material strength either needs to be 80,000 psi, or you must change the design to reduce the maximum stress to 20,000 psi.

In common practice, design stresses are limited to magnitudes significantly lower than the material yield strength. In other words, the safety factor is significantly more than 1.0. How much greater than 1.0 a safety factor should be depends on a number of considerations: