Step 1 :Define the variable x and the cost function. The cost function is given by the equation \(cost = -x + 3\sqrt{x^2 + 16} + 14\).
Step 2 :Calculate the derivative of the cost function. The derivative is given by the equation \(cost\_derivative = 3x/\sqrt{x^2 + 16} - 1\).
Step 3 :Solve the equation where the derivative equals to zero to find the critical points. The critical point is \(\sqrt{2}\).
Step 4 :Check the second derivative to make sure the solution is a minimum. The second derivative is given by the equation \(second\_derivative = -3x^2/(x^2 + 16)^{3/2} + 3/\sqrt{x^2 + 16}\). The second derivative at the critical point is positive, which means this point is a minimum.
Step 5 :Calculate the minimum cost by substituting the critical point into the cost function. The minimum cost is \(3\sqrt{18} + 14 - \sqrt{2}\).
Step 6 :The cable should be laid to the point on the shore that is \(\sqrt{2} \mathrm{~km}\) from point S. The minimum cost is \(\boxed{3\sqrt{18} + 14 - \sqrt{2}}\).