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Discover LudwigThe word 'feasability' is correct and usable in written English.
You can use it when referring to the ability to carry out or accomplish something. For example, "We are evaluating the feasability of launching this new product to determine if it is a viable option."
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Kaplan is no soft-hearted do-gooder — his reporting tends to see the Third World in almost eagerly Malthusian terms — but he has the military knowledge to vouch for the practical feasability of American naval, marine, and air units, currently just offshore Burma, bringing aid supplies to desperate Burmese in the Irrawaddy Delta.
The defence committee has asked "whether new technologies, for example underwater drones, are being developed which could accurately detect and track submarines", the feasability of such systems being effective, and what "advancements in submarine design are being considered to combat detection by such equipment".
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At this point, the consortium of stations is looking into the feasability of building its own tower at least 1,1400 feet high in Lower Manhattan, Staten Island or New Jersey -- which would cost at least $30 million.
This analysis included a "fatal flaw" criterion, which would reject recommendations that failed to meet standards of cost, technical feasability, etc.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com