The Upper Bound Solution has been used to investigate the effect of the various parameters on the floating-plug tube-drawing precess. A kinematically admissible velocity field considering the change of the tube thickness is proposed for the deformation process. Taking into account the position of the plug in the deforming region, shear energy at entrance and exit, friction energy on contact area, homogeneous energy are calculated. The theoretical values in proposed velocity field are good agreement with experimental values, It is investigated that the tube thickness in the deforming region is changed slightly toward minimization of deforming energy and then the drawing stress in lower than the crawing stress in the velocity field that the tube thickness is uniform.