Analyze the fundamental components required for Virtual Reality (VR) application development, encompassing audiovisual assets, physics simulations, and user-environment interaction mechanics. Investigate the hardware and software limitations of current VR technologies, with a focus on rendering constraints and optimization methodologies.

Apply the researched optimization strategies to the existing "Villa Stiassni" VR project. Implement targeted rendering and asset optimizations to enhance the application's performance. The applied techniques must include, but are not limited to:

• Level of Detail (LoD) management,

• lighting optimization (e.g., lightmap baking, reflection probes),

• visibility and occlusion culling techniques.

Quantitatively evaluate the efficacy of the implemented optimizations. The evaluation must measure key performance indicators, including:

• CPU and GPU rendering times,

• overall memory footprint,

• frame-rate stability and dropped frames.

The modified source codes and relevant project files will be publicly archived in the IS MUNI system under the MIT license (or a similar open-source license).