A one-dimensional Ising model with nearest neighbor interactions is applied to study compaction processes in granular media. An equivalent particle-hole picture is introduced, with the holes being associated to the domain walls of the Ising model. Trying to mimic the experiments, a series of taps separated by large enough waiting times, for which the system freely relaxes, is considered. The free relaxation of the system corresponds to a T=0 dynamics which can be analytically solved. There is an extensive number of metastable states, characterized by all the holes being isolated. In the limit of weak tapping, an effective dynamics connecting the metastable states is obtained. The steady state of this dynamics is analyzed, and the probability distribution function is shown to have the canonical form. Then, the stationary state is described by Edwards thermodynamic granular theory. Spatial correlation functions in the steady state are also studied.