Jodi is attempting to determine her course schedule for the fall semester. She is considering six courses, which are shown in the following table. Also included are the number of hours she expects to have to devote to each course each week and her expected grade in each course:

Course Hours per Week Expected Grade

Business Strategy 10 3.4

Principles of Accounting 12 2.8

Corporate Finance 9 3.0

Marketing Management 8 3.8

Introduction to Computers 10 3.0

Supply Chain Management 11 3.2

She does not want to work more than 40 hours each week. Corporate Finance, Introduction to Computers and Supply Chain Management all require a lot of computing or mathematics, and she would like to take no more than two of these courses. To remain on schedule and meet prerequisites, she needs to take at least two of the following courses: Marketing Management, Principles of Accounting and Introduction to Computers. To remain a full time student, she must take at least 4 courses. Jodi wants to develop a course schedule that will maximize the total expected grade.

Formulate a capital budgeting integer programming problem for this situation by defining

(a) The decision variables.

(b) The objective function. What does it represent?

(c) All the constraints. What does each constraint represent?

Note: Do NOT solve the problem after formulating.