Hello Engmedina:
I do not think that the wave equation will help until you actually are in production. At that time you will be able to get an idea of the feeiciency of the hammer as you will have an energy output which is a function of several things. generally a 40KJ hammer would be a good start. However with concrete piles ther is tha question of pile damage by reflecting waves and as such high energy input may not be totally desirable. I am talking from memory here.
Generally the soil profile a nd depth of embeddment required can give you some ideas along with past experience.
on pile hammer energy output. Rember the rated capacity is not always what is imparted - stroke, improper combustion, cap block, damping etc all come into play in the process.
Good Luck