Once you have created the dump device, the next nice thing to have is to create a stored procedure that is able to backing up the database to the dump device based on current week day. You have to execute the following stored procedure in SQL Server Management Studio. Then, create a job in SQL Agent and setup the schedule properly.
create proc mgt_backup_db ( @db_name sysname ) as begin declare @d int select @d = datepart( weekday, getdate()) if (@d = 2) backup database @db_name to db_mon_bak with init else if (@d = 3) backup database @db_name to db_tue_bak with init else if (@d = 4) backup database @db_name to db_wed_bak with init else if (@d = 5) backup database @db_name to db_thu_bak with init else if (@d = 6) backup database @db_name to db_fri_bak with init else if (@d = 7) backup database @db_name to db_sat_bak with init end go