A method, apparatus and computer program product are provided in accordance with example embodiments in order to provide for the efficient, dynamic distribution of traffic in a hybrid network environment based at least in part on reliability probabilities associated with individual subflows within the network. In some example implementations, a traffic distribution entity provides for control over the determination of combined reliability probabilities of multiple potential traffic distribution modes and the selection of a traffic distribution mode that is capable of meeting performance targets, such as those associated with mission-critical operations of cyber-physical systems.