Pyus
Hand Of Midas
My Other Laboratory is a Distillery
7
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Posted - 2012.12.24 18:33:00 -
[1] - Quote
Celgar Thurn wrote: It is also not dissimilar to the RL practices of corporations such as Tesco(UK based supermarket chain.) who sell produce at a loss to destroy others businesses and cripple their suppliers. In other words MIMAF is not a healthy way of running a business whether in RL or in New Eden. 
Well, the other way of looking at this is that predatory pricing like this is very good for Tesco if they do in fact drive their competition out with this practice and then get to set prices wherever they want due to a lack of competition. It can be bad for the public of course 
To the OP:
Kiger Wulf wrote:
But, I never mined them with the intention of selling them. I mined them with the intention of using them. So, no cost directly to me, just potential ISK lost because I could've sold them directly.
Like a lot of us, you're not always playing solely for the ISK, and you're enjoying the RP side of the game etc.. That perspective and play style is very healthy and good for long-term success and happiness in this game I think. "Success" as an industrialist can be rather subjective in this respect.
Where things get sticky with this perspective however is when looking for advice on forums, comparing notes, or bragging to others about recent exploits in chat, etc.. In these situations objectivity rules, and we need to describe activities with more detail and accuracy in order for them to be meaningful. This is where the Opportunity Cost must always be accounted for to some reasonable degree of precision (no need to get too crazy tracking costs).
When talking about the profitability of any manufacturing activities with others, you really must account for the cost of materials that went into the product, regardless of how you came by the materials. Whether you mined them yourself with the intention of just having fun out under the virtual stars while watching a movie, or Santa gave them to you, they're cost must be accounted for in some objective fashion when discussing profitability with others.
Very glad you are enjoying EVE and I think your blog is great and helpful to others.
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