Given constants $c > 0$ and $V > 0$, how can I solve the following optimization problem?
$$\begin{array}{ll} \text{minimize} & c \, (x-2) (y-2) (z-2)\\ \text{subject to} & xyz = V\\ & x,y,z > 2 \end{array}$$
My attempt
Since $V=xyz$, we get $z = \frac{V}{xy}$
Let $S = c(x-2)(y-2)(z-2) = c(x-2)(y-2)(\frac{V}{xy}-2)$
Simplifying we get, $$S = c(4x+4y-2xy-2\frac{V}{x}-2\frac{V}{y}+4\frac{V}{xy}+V-8)$$
Partially differentiate $S$ w.r.t. $x$ and $y$ and equate to $0$.
$\frac{\partial S}{\partial x} = c (4 -2y + \frac{2V}{x^{2}} - 4\frac{V}{x^{2}y}) = 0$ -------- (A)
$\frac{\partial S}{\partial y} = c (4 -2x + \frac{2V}{y^{2}} - 4\frac{V}{y^{2}x}) = 0$ -------- (B)
If we subtract (B) from (A), then one solution is $x=y$.
Is it correct till this point ?
There is NO minimum. If you allowed x, y, and z equal to 2, then the minimum would be for x= y= 2 and z= V/4. However, requiring that x, y, and z all be larger than 2, you can get as close to that value as you wish by taking x and y as close to 2 as you wish.