The function is defined as:
\( f(x) = -2x^2 + 4x + 1 \)
To locate the maximum or minimum, we compute the derivative of \( f(x) \): \[ f'(x) = \frac{d}{dx}(-2x^2 + 4x + 1) \] \[ f'(x) = -4x + 4 \] Equating the derivative to zero yields the critical point: \[ -4x + 4 = 0 \] \[ -4x = -4 \] \[ x = 1 \]
Given that the coefficient of \( x^2 \) in the quadratic function is negative (-2), the parabola's orientation is downwards, indicating that the critical point corresponds to a maximum.
The function attains its maximum value at \( \boxed{x = 1} \).