Dynamic explicit method:
Reduces the computational time drastically (adv)
Small time steps are needed (disadv)
Equilibrium after each time step cannot be checked (disadv)
Springback calculations are very time consuming (disadv)
Static implicit method:
Equilibrium is checked after each time step and thus leads to more accurate results (adv)
Computation time depends quadratically on the number of d.o.f. (disadv)
The stiffness matrix is often ill conditioned, which can make the method unstable and deteriorates the performance of the iterative solvers (disadv)
In sum, explicit codes are favoured for solving large problems although implicit codes yield more accurate results