"DOS Memory Models" brought "QEMM" immediately to mind.
So possibly related, https://en.wikipedia.org/wiki/QEMM
So possibly related, https://en.wikipedia.org/wiki/QEMM
And there was also HXRT from the same author, which allowed you to run win32 apps in DOS. Never really made good use of it, but thought it was still pretty cool.
https://github.com/sudleyplace/386MAX
It would be great if someone could update it so it ran on modern hardware. Then, for instance, FreeDOS could use it.