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Urban underground logistics system is a newly emerging concept, and there is no molded sample project to
provide reference information. So there exists much uncertainty in its development, and such uncertainty will have some
impact on overall development of the system. In this paper, gray analytic hierarchy process analysis will be used to
evaluate the risk factors in the development of urban underground logistics system. And then, we use the empirical
analysis to quantify the risk of the development of urban underground logistics and provide references for the
development of urban underground logistics system.