Reference no: EM132739000

An undergraduate business major is attempting to determine her course schedule for the fall semester. She is considering five 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

Principles of Accounting 8 3.5

Corporate Finance 8 3

Marketing Management 6 4

Statistics 10 3

Project Management 7 3.5

She does not want to work more than 34 hours each week. Principles of Accounting, Corporate Finance, and Statistics all require a lot of computing and 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: Statistics, Corporate Finance and Marketing Management. To remain a full time student, she must take at least four courses. The student wants to develop a course schedule that will maximize the total expected grade.

Formulate a capital budgeting integer optimization problem for this student by defining

(a) The decision variables.

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

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