I am trying to understand how to utilize the simulation features in Solidworks to set up a study such that the simulation will keep increasing the load in the direction I've selected until the stress reaches the yield strength of the material. Is Solidworks capable of this? If yes, how can I set it up like that? Can a safety factor be incorporated in to the study? Moreover, can I do this with the Professional package or do I need Premium?
PS: I've attached a part in case anyone needs to know what I'm trying to do. Basically the shank is being pulled with a force perpendicular to the Plane 1 and the stress is being applied to the interior of the slot right below Plane 1.