We study two variants of edge-coloring of edge-weighted graphs, namely compact edge-coloring and circular compact edge-coloring. First, we discuss relations between these two coloring models. We prove that every outerplanar bipartite graph admits a compact edge-coloring and that the decision problem of the existence of compact circular edge-coloring is NP-complete in general. Then we provide a polynomial time 1:5-approximation algorithm and pseudo-polynomial exact algorithm for compact circular coloring of odd cycles and prove that it is NP-hard to optimally color these graphs. Finally, we prove that if a path P2 is joined by an edge to an odd cycle then the problem of the existence of a compact circular coloring becomes NP-complete.