This is Equation No. 57 from the 1987 PANDA paper, "Theoretical Basis of the PANDA Computer Program for Preliminary Design of Stiffened Panels Under Combined In-Plane Loads", by David Bushnell, Computers & Structures Vol. 27, No. 4, pp. 541-563, 1987.
The various quantities on the right-hand side of the equation are defined in the 1987 PANDA paper, which can be downloaded from this website.
This is the so-called "PANDA-type" (closed form) buckling model, which is frequently referred to as "PANDA-type model" in the PANDA2 literature.
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