Final answer:
The new net requirements after a cycle adjustment that reduced on-hand inventory by 17 pieces, when the initial net requirements were 47 pieces, would be 64 pieces for material requirements planning.
Step-by-step explanation:
When a component's on-hand inventory is reduced, it affects the net requirements in material requirements planning (MRP). In the given scenario, if the net requirements for a component were initially set for 47 pieces and the cycle adjustment has reduced the on-hand inventory by 17 pieces, the new net requirements would be the sum of the initial net requirements plus the reduction in on-hand inventory.
To calculate the new net requirements, you would add the reduction in inventory to the existing net requirements:
New Net Requirements = Initial Net Requirements + Reduction in On-Hand Inventory
New Net Requirements = 47 pieces + 17 pieces
New Net Requirements = 64 pieces
Therefore, the new net requirements for the component would be 64 pieces for material requirements planning.