Summary Structures made of shape memory polymer composite (SMPC), due to their ability to be formed into a desired compact loading shape and then transformed back to their original aperture by means of an applied stimulus, are an ideal solution to deployment problems of large and lightweight space structures. In the literature, there is a wide array of work on constitutive laws and qualitative analyses of SMP materials; dynamic equations and numerical solution methods for SMPC structures have rarely been addressed. In this work, a macroscopic model for the shape fixation and shape recovery processes of SMPC structures and a finite element formulation for relevant numerical solutions are developed. To demonstrate basic concepts, a cantilever SMPC beam is used in the presentation. In the development, a quasi‐static beam model that combines geometric nonlinearity in beam deflection with a temperature‐dependent constitutive law of SMP material is obtained, which is followed by derivation of the dynamic equations of the SMPC beam. Furthermore, several finite element models are devised for numerical solutions, which include both beam and shell elements. Finally, in numerical simulation, the quasi‐static SMPC beam model is used to show the physical behaviors of the SMPC beam in shape fixation and shape recovery. Copyright © 2015 John Wiley & Sons, Ltd.