I do not know of standards covering this specific topic,
my copy of Prode Properties includes three methods to model compressors (rigorous polytropic cycle with selectable thermodynamic packages)
a ) Huntigton, applicable to gas phase, based on (Maxell) dH=TdS+VdP, works with a simplified model for compressibility integrated from p1 to p2, quite accurate and fast (accuracy depends from correct prediction of gas volumes)
b ) Schultz (Asme PTC 10), applicable to gas phase, based on PV ^ n = C which is exact for real gases only, Schultz includes corrections for real gases, I have read reports that this method gives higher errors than Huntington but it's a reference for industry (as GPSA method)
c) Polytropic solution with phase equilibria, based on solution of phase equilibria along a polytropic path, accurate (possibly most accurate in my tests based on entropy flash), can be very slow (compared to Huntington or Schultz), I use this method when a liquid phase is present.
I think the last procedure (Polytropic solution with phase equilibria) is what you need, it's a iterative procedure, the manual has some additional information
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