I suspect that non-uniformities in material and fabrication will play a larger role in determing the durability than the results from a study. I suppose it could be used to try to determine relatively weak areas. I certainly wouldn't believe any quantitative results ("This can hold 150 psi, but not 160 psi."). I think actual testing is the way to go here.
However, the only advice I can offer if you want to proceed with the "software test" is that I suspect you will need to begin with finding the properties of the material you are constructing this out of. Also, be sure to check if you have non-linear behaivor, requiring a dynamic test.
-- MechEng2005