In this study, the limit load, shakedown and ratchet limit of a defective pipeline subjected to constant internal pressure and a cyclic thermal gradient are analyzed. Ratchet limit and maximum plastic strain range are solved by employing the new Linear Matching Method (LMM) for the direct evaluation of the ratchet limit. Shakedown and ratchet limit interaction diagrams of the defective pipeline identifying the regions of shakedown, reverse plasticity, ratcheting and plastic collapse mechanism are presented and parametric studies involving different types and dimensions of part-through slot in the defective pipeline are investigated. The maximum plastic strain range over the steady cycle with different cyclic loading combinations is evaluate...