TTLs Matter: Efficient Cache Sizing with TTL-Aware Miss Ratio Curves and Working Set Sizes

In-memory caches play a pivotal role in optimizing distributed systems by significantly reducing query response times. Correctly sizing these caches is critical, especially considering that prominent organizations use terabytes and even petabytes of DRAM for these caches. The Miss Ratio Curve (MRC) and Working Set Size (WSS) are the most widely used tools for sizing these caches.