Digital to Analog
This is a R-2R Digital to Analog Converter, It converts a byte (8 bit) to a analog value. It has 256 levels including zero.If the eight bits inputs are from a counter you then will see a staircase waveform at output, each step being 10mV higher or lower depending on whether the counter is counting up or down.
The accuracy of the analog output depends on the resistor ladder. The OP07 has an offset error of about 70uV only. The 74HCT373 power is derived from LM336 a stable reference so that the D-A is accurate. The 8 bit data can be latched with the 74HCT373 to get a stable analog value for control systems.
datasheet of LM336 voltage reference LM336-5.0
datasheet of OP07 low offset opamp OP07

