Network virtualization technologies allow service providers to request partitioned, QoS guaranteed and fault-tolerant virtual networks provisioned by the substrate network provider (i.e., physical infrastructure provider). A virtualized networking environment (VNE) has common features such as partition, flexibility, etc., but fault-tolerance requires additional efforts to provide survivability against failures on either virtual networks or the substrate network.Two common survivability paradigms are protection (proactive) and restoration (reactive). In the protection scheme, the substrate network provider (SNP) allocates redundant resources (e.g., nodes, paths, bandwidths, etc) to protect against potential failures in the VNE. In the restoration scheme, the SNP dynamically allocates resources to restore the networks, and it usually occurs after the failure is detected.iii In this dissertation, we design a restoration scheme that can be dynamically implemented in a centralized manner by an SNP to achieve survivability against node failures in the VNE. The proposed restoration scheme is designed to be integrated with a protection scheme, where the SNP allocates spare virtual routers (VRs) as standbys for the virtual networks (VN) and they are ready to serve in the restoration scheme after a node failure has been identified. These standby virtual routers (S-VR) are reserved as a sharedbackup for any single node failure, and during the restoration procedure, one of the S-VR will be selected to replace the failed VR. In this work, we present an optimal S-VR selection approach to simultaneously restore multiple VNs affected by failed VRs, where these VRs may be affected by failures within themselves or at their substrate host (i.e., power outage, hardware failures, maintenance, etc.). Furthermore, the restoration scheme is embedded into a dynamic reconfiguration scheme (DRS), so that the affected VNs can be dynamically restored by a centralized virtual network manager (VNM).We first introduce a dynamic reconfiguration scheme (DRS) against node failures in a VNE, and then present an experimental study by implementing this DRS over a realistic VNE using GpENI testbed. For this experimental study, we ran the DRS to restore one VN with a single-VR failure, and the results showed that with a proper S-VR selection, the performance of the affected VN could be well restored. Next, we proposed an Mixed-Integer Linear Programming (MILP) model with dual-goals to optimally select S-VRs to restore all VNs affected by VR failures while load balancing. We also present a iv heuristic algorithm based on the model. By considering a number of factors, we present numerical studies to show how the optimal selection is affected. The results show that the proposed heuristic's performance is close to the optimization model when there were sufficient standby virtual routers for each virtual network and the substrate nodes have the capability to support multiple standby virtual routers to be in service simultaneously.Finally, we presen...