Dense Wavelength-Division Multiplexing (DWDM) optical networks meet ever-increasing bandwidth demand of internet applications. Network failure results in massive information loss particularly in networks carrying a huge volume of data. Survivability techniques ensure uninterrupted network functioning even in case of failure. Research in the domain of DWDM network survivability has contributed toward the development of protection and restoration techniques to provide resilience in optical networks. In this paper, basic concept of protection and restoration in optical networks has been introduced followed by review and analysis of existing routing and survivability techniques. It is observed that a trade-off among network performance parameters exists for any survivability scheme. A novel scheme, Dynamic Hybrid Technique based on Failure Location and Traffic Priority (DHbLP) adaptable to Quality of Service (QoS) demands, has been proposed. DHbLP is tested for one of the possible failure scenarios in the standard National Science Foundation NETwork (NSFNET) and it is observed that this technique improves network performance in terms of throughput and blocking probability.