Dynamic elastic-plastic finite-element analyses of a circumferentially notched round bar subject to loading by a tensile stress pulse are presented. The finite-element study is motivated by the dynamic fracture initiation experiment introduced by Costin, Duffy and Freund and therefore provides a critique of this experiment. Static elastic-plastic analyses are carried out for externally notched round bars of various relative crack depths. The J integral is calculated at each load increment using an invariant finite-domain integral representation for the energy release rate. These values of J, obtained by integrating the computed field quantities over arbitrary contours and areas enclosed by the contours, are taken as the reference values. Through comparison with these results, we evaluate the accuracy of a deep crack formula based on the load-displacement behavior. Similar formulas are frequently employed for fracture toughness measurements using standardized test configurations. In the dynamic elastic-plastic analysis, the circumferentially notched round bar subject to a tensile pulse is examined. A uniform rate of loading is applied at one end of the bar to simulate the long pulse loading in the experiment. An invariant finite-domain integral expression, which is particularly suited for finite-element analyses, is employed to calculate the dynamic energy release rate. Our analyses provide some insight concerning the accuracy of these invariant domain integral expressions and their usefulness in computational studies. We also calculate the value of the J integral from the load-displacement behavior, using a formula proposed by Costin, Duffy and Freund. The present study clarifies the applicability of such a formula for the determination of the dynamic fracture toughness and provides information concerning the effect of relative crack depth and the extent of plasticity on its accuracy.