Someone correct me if I'm wrong, but I think this summarizes the general approach:
Lets say you have a pressurized cylinder or a compressor up the line. If you just turn it on without letting a valve open, it will just build up pressure until it can't do any more. When you let a valve open, you'll get some airflow through the pipe, and some friction resisting it. The more friction, the more pressure loss. Friction ultimately depends on the flow rate of air, and the type and dimensions of the pipe. That flow rate, in turn, depends on the amount of pressure you've got in your system. Now, if you've got different sized pipes in series, then you just figure out the pressure drop in each section, then add up all the respective pressure drops.
You can find a lovely chart here:
http://www.engineeringtoolbox.com/pressure-drop-compressed-air-pipes-d_852.html
The key is figuring out what flow rate to use. The units of flow rate will be CFM (english units). Flow rate is loosely governed by the ideal gas law PV=mRT (where V is flow rate, m is mass flow rate, T is temperature, and R is a constant, found on a chart), but in all reality you just have to look at the specs on the compressor. The compressor should have a rating on it telling what the flow rate is at each pressure. You can probably use the starting pressure (100) to figure that out. If the resulting pressure drop is more than about 5%, you may want to use that answer to back-calculate the flow rate, and re-calculate.