diff --git a/Makefile b/Makefile
index 063438c..b31d525 100644
--- a/Makefile
+++ b/Makefile
@@ -2,7 +2,7 @@ PYTHON      := python3
 PYTEST      := pytest
 PIP         := pip3
 PYTEST_ARGS := -W ignore::DeprecationWarning -vv -x --log-level=DEBUG
-VERSION     := `cat VERSION | sed 's/\.[0-9]*$$//'`
+VERSION     := 0.2
 
 all: docs test
 
diff --git a/VERSION b/VERSION
deleted file mode 100644
index 6e8bf73..0000000
--- a/VERSION
+++ /dev/null
@@ -1 +0,0 @@
-0.1.0
diff --git a/setup.py b/setup.py
index 95e7afe..e7b7527 100644
--- a/setup.py
+++ b/setup.py
@@ -5,7 +5,7 @@ with open("README.md", "r") as fh:
 
 setup(
     name='miplearn',
-    version='0.1.0',
+    version='0.2.0',
     author='Alinson S. Xavier',
     author_email='axavier@anl.gov',
     description="Extensible framework for Learning-Enhanced Mixed-Integer Optimization",