Traditionally, the “lead time” of inventory model is often regarded as given or random variable. In other words, the lead time is not controllable. A different viewpoint is proposed in comparison with the unit time demand hypothesis of the lead time and ordering quantities based inventory model that r(re-order point)=mL+KsL1/2 is proposed by Ben-Daya and Raouf and Ouyang. In this paper we suggests to utilize negative exponential function for crash cost, and then to construct an inventory model based on ordering quantities and lead time under the hypothesis of demand frequency and quantities corresponding Poisson and Normal distribution respectively. The result indicates: Under the reordering point specified in this paper and the same demand expectation value, the probability of the occurrence of stock insufficiency is lower than that assumed by above scholars. After simulating the actual ordering case, the variance of total expectation cost (EAC) is small relatively. This finding validates the correctness of the model and shows that the theoretical value can be utilized for practical purposes.